Mitsubishi UFJ Financial Group (MUFG) is exploring options for its 92.5% stake in Indonesia's PT Bank Danamon, including possibly taking the lender private or selling part of its holding to increase the public float, according to reports on May 26, 2026 [1, 2, 3].
Bank Danamon had a market value of about 47 trillion rupiah, equivalent to roughly US$2.6 billion or S$3.4 billion, as of the latest valuation [1, 2]. Together with its subsidiary Adira Finance, the bank managed assets totaling 275.7 trillion rupiah at the end of 2025 [1, 2].
Indonesia introduced new regulations in early 2026 requiring listed companies to raise their public float within up to three years to improve market transparency [1, 2]. MUFG acknowledged awareness of these rules in April but had not made any decisions on Bank Danamon’s future ownership structure [1, 2].
MUFG acquired its stake starting in 2017, initially buying shares from Temasek and affiliates as part of its drive to expand in Indonesia [1, 2]. In 2019, MUFG booked a US$1.9 billion impairment charge on its Danamon investment after the stock price plunged following removal from an MSCI index; this contributed to MUFG’s first quarterly loss in a decade [1, 2].
At present, MUFG is working with an adviser on potential plans but there is no certainty a deal will be reached [1, 2, 3]. Whether it opts for a take-private transaction or a partial stake sale to boost the public float remains undecided.
The next step will likely depend on how MUFG and regulators navigate the new Indonesian free float rules during the three-year adjustment period starting in 2026.
