Temasek to Sell Stake in Danamon to DBS Group Holdings Ltd

Posted on 04/02/2012

Asian holdings make up a major portion of Temasek’s investment portfolio. DBS Group Holdings Ltd. (DBS) will purchase PT Bank Danamon Indonesia for 45.2 trillion rupiah ($4.9 billion) from Temasek Holdings for its 67% stake. The bank stake is held by Temasek’s sovereign wealth enterprise (SWE) Fullerton Financial Holdings Pte. This is one of the […]