Asia Sentinel

Asia Sentinel

Share this post

Asia Sentinel
Asia Sentinel
DBS Backs Out of Danamon Takeover

DBS Backs Out of Danamon Takeover

Our Correspondent
Aug 01, 2013
∙ Paid

Share this post

Asia Sentinel
Asia Sentinel
DBS Backs Out of Danamon Takeover
Share

A high-profile US$6.1 billion deal for Singapore's DBS Bank to take over Bank Danamon, Indonesia's sixth-largest lender by assets, is dead, according to a formal DBS statement, a casualty of the country's rising economic nationalism.

The Singaporean bank, the largest in Southeast Asia by assets, had until Aug. 1 - tomorrow - to decide whether to go ahead…

Keep reading with a 7-day free trial

Subscribe to Asia Sentinel to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Asia Sentinel
Publisher Privacy
Substack
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share