OJK Approves MUFG Bank to Increase its Investment in Bank Danamon

Press Release / 31 July 2018

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Jakarta, 31 July 2018. PT Bank Danamon Indonesia Tbk (“Bank Danamon”) has been advised by the Financial Services Authority (OJK) that it has granted approval for MUFG Bank, Ltd. (“MUFG Bank”), previously known as The Bank of Tokyo-Mitsubishi UFJ, Ltd., to increase its investment in Bank Danamon to 40.0% shareholding interests by acquiring (directly or indirectly) an additional 20.1% from Asia Financial (Indonesia) Pte. Ltd. (“AFI”) and other affiliated entities. This is part of Step 2 of the proposed transaction outlined in MUFG Bank’s announcement on 26 December 2017. 

As announced by MUFG Bank, it plans to complete the acquisition of the additional 20.1% shareholding interests as soon as practicable, subject to other closing conditions customary for a transaction of this nature. 

Upon the completion of this acquisition, MUFG Bank will become a controlling shareholder with 40.0% shareholding interests. AFI remains a controlling shareholder with 33.8% in shareholding interests in Bank Danamon.

Please refer to the following announcements for more information.
Link:

- Bank Danamon’s 26 December 2017 Announcement: https://www.danamon.co.id/en/tentang-danamon/beritadanamon/berita/2017/12/26/13/16/news-article

As one of the largest banks in Indonesia, Bank Danamon’s focus is on delivering long term value to all its stakeholders and shareholders. During this period, Bank Danamon remains committed to its strategy and business operations will continue as usual. 

Shareholders are advised to exercise caution when trading their shares.