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Stock Market & Financial Investment News

News Breaks
March 12, 2013
06:18 EDTMTU, SMFGSumitomo Mitsui considers bid for TPG's $1.7B stake in PT Bank, Bloomberg says
Sumitomo Mitsui Financial Group (SMFG) has discussed a possible purchase of TPG Capitalís $1.7B stake in Indonesiaís PT Bank Tabungan Pensiunan Nasional, sources say, reports Bloomberg. Sumitomo isnít currently in formal negotiations with TPG, the source said. TPG has been approached by other lenders including Japanís Mitsubishi UFJ Financial Group (MTU), sources say. Reference Link
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