Danamon delivers: but not to international equity investors

Busy day for Temasek as it swoops on Bank Danamon and sells a stake in SingTel.

The new Indonesian government's first foray into the equity markets got off to a bad start yesterday November 4, with a poorly handled and confusing block sale in Bank Danamon. As a result of the divestment, Singapore government investment agency Temasek increased its stake from 62% to 72% and Indonesian investment agency, PT Perusahaan Pengelola Aset Negara PPA, saw its stake drop from 20.5% to 10.5%. UBS and Danareksa handled the sale.

While Temasek...

To continue reading, please login or register for free

Click for more on: danamon | delivers | international | equity | investors

Print Edition

FinanceAsia Print Edition

CONFERENCES