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Update: Market Chatter: Mitsubishi UFJ Financial Considering Options for Indonesian Bank Stake

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(Updates with Mitsubishi UFJ Financial's response in the final paragraph.)

Mitsubishi UFJ Financial (MUFG) is exploring options for its majority stake in PT Bank Danamon Indonesia, Bloomberg reported Tuesday, citing people with knowledge of the matter.

The options that Mitsubishi is considering for its 92.5% stake in the bank include a take-private deal or selling some its stake to increase the public float to comply with recent Indonesian laws, the report said.

There's no certainty of a deal, Bloomberg cited a source as saying.

Mitsubishi UFJ Financial declined to comment when reached by.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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