Mitsubishi UFJ Financial Group is considering possible steps for its holding in PT Bank Danamon Indonesia, according to a Bloomberg report citing sources.
The options under review include removing the bank from the market or reducing MUFG’s ownership to lift the level of shares held by public investors.
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The Japanese banking group is said to be working with an adviser on the plan, the report said.
Danamon said it is studying the latest rules and will take any necessary follow-up action to meet them.
Earlier in 2026, Indonesia gave listed firms as long as three years to raise their public float under reforms intended to improve transparency.
MUFG holds roughly 92.5% of Danamon.
In April, MUFG said it was aware of the updated free-float requirements and of market talk about a possible delisting of Danamon, while adding that no decision had been made.
Danamon’s stock jumped in April after reports of a potential transaction, nearly doubling its advance for the year.
MUFG agreed in 2017 to acquire an initial interest in Danamon from Singapore state investor Temasek Holdings Pte and related parties as it sought to broaden its footprint in Indonesia.
It later applied for approval to raise that holding, at a time when Indonesian authorities were more open to foreign investment in part to support consolidation in the banking industry.
In 2019, MUFG said it needed to record a $1.9bn impairment charge on its Danamon investment after the Indonesian bank’s share price fell sharply when MSCI dropped it from its indexes following the takeover, which left the stock with a limited free float.
MUFG later reported its first quarterly loss in 10 years and lowered its full-year profit outlook after taking the charge.
Danamon was founded in 1956 and, together with subsidiary Adira Finance, had 275.7 trillion rupiah in assets at the end of 2025, according to its website.
