From Yahoo Finance: 2025-03-27 08:50:00

Singaporean lender DBS Group is leading the bid for a controlling stake in Indonesia’s Panin Bank, competing with Malaysia’s CIMB Group. ANZ and the Gunawan family are selling their combined $1.8bn stake. DBS aims for its first major acquisition with incoming CEO Tan Su Shan. The deadline for bids is end of April or early May, subject to market conditions. Panin Bank saw a net profit rise of 8.2% last year.



Read more at Yahoo Finance: DBS frontrunner in race to acquire stake in Indonesia’s Panin Bank