Indonesia bans banking sector takeovers
Indonesia’s central bank has temporarily barred takeovers in the banking sector – where there is considerable interest from foreign private equity investors – as it considers a review of ownership rules. The central bank is still drafting the policy and has not when it will be issued, but a lengthy transition period is likely, Reuters reported.
There has been confusion on the issue since Darmin Nasution, the central bank governor, said last month that new limits on bank ownership were being studied. The expectation is that foreign investors will...
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