MUFG Bank, Ltd. - Increased shareholdings in Bank Danamon and Bank BNP
Leading Japanese law firm Nishimura & Asahi advised MUFG Bank, Ltd. (“MUFG Bank”) on its acquisition of shares in Indonesian banks PT Bank Danamon Indonesia, Tbk. (“Bank Danamon”) [IDX: BDMN] and PT Bank Nusantara Parahyangan, Tbk. (“Bank BNP”) [IDX: BBNP], and on the follow-on merger in which Bank Danamon acquired Bank BNP.
As a result of the share acquisition and the merger, Bank Danamon has become a consolidated subsidiary of MUFG and MUFG Bank.