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DBS, Japan's top lenders said to be among bidders for Panin Bank
The Straits Times
|December 11, 2024
Asian banks including DBS Group Holdings, Mitsubishi UFJ Financial Group (MUFG) and Sumitomo Mitsui Financial Group are among potential suitors for Bank Pan Indonesia, according to people familiar with the matter.
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KUALA LUMPUR -
The three lenders have submitted separate preliminary proposals to buy the Jakarta-listed bank, known as Panin Bank, the people said, asking not to be identified because the matter is private.
Panin Bank has also drawn interest from other Asian financial institutions, the sources said, adding that considerations are ongoing and no final decisions have been made.
This story is from the December 11, 2024 edition of The Straits Times.
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