An Acquisition of Major Proportion

Flying out from Singapore to Jakarta, DBS's CEO, Piyush Gupta had big news to share -DBS was bidding to buy a controlling stake in Indonesia's Bank Danamon. For 6.2 billion Singapore dollars, DBS, the owner of Southeast Asia's largest bank, planned to buy Temasek's 67.37 percent stake in Danamon from a unit of Singaporean sovereign wealth fund Temasek Holdings. DBS hoped to buy the remainder of the shares it does not own from minority owners. Should

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