Danamon acquired more Adira shares

PT Bank Danamon (BDMN) Tbk has finally acquired 200 million (20%) shares of PT Adira Multidinamika Finance (ADMF) Tbk from Mega Value Profits Ltd for about US$140 million. 

Crossing of shares have been completed this morning at Rp7135 per share. After the acquisition, Danamon controls 95% shares in Adira. Adira stock price surged 5.71% to Rp3700 this morning. The recent peak is Rp4700 in April 30.

Last year, Bank International Indonesia (BII), also acquired majority shares in consumer financing company PT WOM Multifinance Tbk. This year, Bank Mandiri acquired another automotive financing company PT Tunas Finance Tbk.

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