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MUFG's Indonesian bank buy timing looks right: Bloomberg Gadfly

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MUFG's Indonesian bank buy timing looks right: Bloomberg Gadfly

Nisha Gopalan Published on Wed, Dec 27, 2017 / 1:19 PM GMT+8

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(Dec 27): Timing is everything.

Hobbled by an ageing population and negligible interest rates, Japan's Mitsubishi UFJ Financial Group Inc is keen for growth and sees overseas expansion, particularly in Southeast Asia and the US, as key. In its moves to acquire 73.8 percent of PT Bank Danamon Indonesia, it may just succeed where DBS Group Holdings failed.

See: Japan's MUFG to buy 73.8% stake in Bank Danamon from Temasek for $1.57 bil