Temasek Scores Big Payout With Bank Danamon Stake Sale - Jakatar Globe

[Confuseous]

Amid the political wrangling over DBS Group Holdings’ takeover of Bank Danamon Indonesia, Singapore’s sovereign wealth fund Temasek Holdings stands to emerge as the biggest winner — at least on paper, anyway.

In the terms of the deal Temasek, the parent company of DBS, will sell its 67.4 percent stake in Bank Danamon for Rp 45.2 trillion ($4.9 billion) in exchange for new DBS shares. Following the transaction Temasek’s ownership in DBS, Southeast Asia’s biggest bank by assets, will rise to 40.4 percent from 29.5 percent.

That’s a big payout from its modest initial purchase nine years ago, when Temasek along with Deutsche Bank paid Rp 3.08 trillion for a 51 percent stake in Bank Danamon from the Indonesian Bank Restructuring Agency. In 2003 Temasek bought Bank Danamon stock at Rp 1,202, and DBS this month was offering Rp 7,000 a share — a 40 percent premium to the daily average of about Rp 5,000 in the 12 months prior to the April 2 announcement.

- http://www.thejakartaglobe.com/busi...ig-payout-with-bank-danamon-stake-sale/512391

 

[Kinana]

Wow! Our MIW is really worth what we pay them.

 

[Narong Wongwan]

Huge paper gains!
Lagi huge realised losses!

 

[rusty]

Wow! Our MIW is really worth what we pay them.

Oh really? You only read this small returns and you get an orgasm. Have you read their big big losses in other misjudgments?

 

[Kinana]

All stock gains are paper gains sir. Just as all stock losses are paper losses. Just like your stocks.

 

[Narong Wongwan]

All stock gains are paper gains sir. Just as all stock losses are paper losses. Just like your stocks.

many so called paper losses like Micropolis, Barclays, NIB etc realised liao........