Bank Danamon Indonesia
From Taighde
PT Bank Danamon Indonesia is owned by Temasek Holdings. Temasek has a 67% stake though its subsidiary Fullerton Financial Holdings.
History
Temasek bought its first stake of Danamon on May 22, 2003. At the time, its subsidiary was named Asia Finance Indonesia, which was renamed Fullerton Financial Holdings. The stake was bought from Indonesian Bank Restructuring Agency for $350 million (3.008 trillion rupiah). It paid $.14(1,202 rupiah) a share for a 51% stake. Fullerton increased their stake to 67%. Temasek is expected to take part in a capital raising the bank is planning in September 2011. [1]
