Why MUFG Is Buying a $1.2B Stake in Bank Danamon

MUFG is acquiring a 20% stake in Bank Danamon for $1.2 billion from Temasek Holdings, with plans to increase its stake to 73.8%. This move is part of MUFG's strategy to expand in Southeast Asia due to Japan's shrinking market. The acquisition is seen as a crucial milestone in MUFG's strategic plan in Asia, with potential for further consolidation in Indonesia's banking sector. The acquisition has positively impacted share prices, with MUFG shares up 16% and Danamon shares up over 60%.

What percentage of Bank Danamon is MUFG initially acquiring?

• 30%

• 10%

• 20%

• 40%

Which company is MUFG buying the Bank Danamon stake from?

• DBS

• HSBC

• Temasek Holdings

• Bank of America

Why is MUFG focusing on expansion in Southeast Asia?

• Due to Japan's shrinking market

• To reduce operational costs

• To compete with local banks

• To diversify its portfolio

Which other countries has MUFG invested in as part of its Southeast Asia strategy?

• Vietnam and Malaysia

• Philippines and Thailand

• Singapore and Indonesia

• Myanmar and Laos

How much have Danamon's shares increased in the same period?

• 60%

• 80%

• 40%

• 20%