MUFG hopes to begin buying Bank Danamon Indonesia stake early 2018

MUFG hopes to begin buying Bank Danamon Indonesia stake early 2018

FILE PHOTO - People walk past a branch of Mitsubishi UFJ Financial Group's bank of Tokyo-Mitsubishi UFJ (MUFG) in Tokyo, Japan, May 16, 2016. REUTERS/Thomas Peter/File Photo

Indonesia’s financial regulator expects Mitsubishi UFJ Financial Group Inc. (MUFG) to begin accumulating a stake in PT Bank Danamon Indonesia early next year, as Japan’s biggest bank expands in the most populous Southeast Asian nation.

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