DBS / Bank Danamon

DBS / Bank Danamon: Bank Indonesia Deputy Governor announced yesterday that healthy banks may be allowed to purchase stakes greater than 40% in local banks, higher than previously expected, under new rules to limit ownership by single entities. Add that the new rules would be released "soon". Comments could bode well for DBS' US$7.3b ($9.4b) bid to acquire a majority stake in Indonesia's sixth-largest bank, Bank Danamon.