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
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.