Bloomberg News

DBS to Buy Temasek’s Stake in Bank Danamon

April 01, 2012

DBS Group Holdings Ltd. (DBS), Southeast Asia’s biggest bank, said it will pay Temasek Holdings Pte 45.2 trillion rupiah ($4.9 billion) for its 67 percent stake in PT Bank Danamon Indonesia and plans a takeover bid for the lender.

Haslinda Amin reports from Singapore on Bloomberg Television's "First Up." (Source: Bloomberg)

Running time 01:16

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