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Jakarta Post
The Jakarta Post
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DBS ‘confident’ of approval for Danamon takeover

  • Esther Samboh

    The Jakarta Post

Jakarta | Thu, April 12 2012 | 11:05 am

PREMIUM Southeast Asia’s largest bank, Singapore’s DBS Group Holdings Ltd., is “confident” of securing approval to takeover Indonesia’s sixth-biggest lender, Bank Danamon (BDMN), despite receiving a frosty reception from local lawmakers, bankers and regulators.

“Given the way the Indonesian laws are structured, the bank is fairly confident and hopeful that it will receive approval withi...