Why DBS' $6.8 bid for Bank Danamon may not push through

Indonesia geared to bar control.

According to a report by Bloomberg, Investors are betting that Indonesia will drive DBS Group Holdings Ltd. (DBS) to abandon Southeast Asia’s largest bank takeover.

Bloomberg also noted that Indonesia’s central bank last week gave approval for Singapore-based DBS, which bid $6.8 billion for all of PT Bank Danamon Indonesia, to buy only 40 percent of the company as the regulator pushes for Indonesian banks to have equal access in Singapore.

With the agreement expiring in three days, Danamon is trading at a larger discount to its takeover price than any pending deal in Asia larger than $500 million, according to data compiled by Bloomberg.

Read full report here.

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