Sumitomo Mitsui stalks Indonesian prey: sources

Japan’s Sumitomo Mitsui Banking Corp is in advanced talks to buy a US$1.3 billion (HK$10.09 billion) stake in BTPN, an Indonesian lender backed by TPG Capital, people familiar with the matter told Reuters, lifting BTPN’s shares 9 per cent on Monday.

via Business feed http://www.scmp.com/business/banking-finance/article/1225877/sumitomo-mitsui-stalks-indonesian-prey-sources