MUFG Explores Sale or Merger of Indonesia's Bank Danamon

Mitsubishi UFJ Financial Group (MUFG) is evaluating a potential sale or merger of its Indonesian subsidiary, Bank Danamon, people familiar with the matter said on May 26, 2026. The Japanese financial giant has engaged advisers to explore strategic options for the Jakarta-listed lender, including a divestment, as part of a restructuring to concentrate on core markets. MUFG holds a 77.5% stake in Bank Danamon, which has a market capitalization of roughly $2.5 billion. The deliberations are at an early stage and no final decision has been made, with the possibility that a transaction may not materialize.