Indonesia sells out of Danamon

As part of its ongoing effort to sell off stakes in the nation's banks, the Indonesian government raised Rp2.68 trillion ($274 million) on Wednesday from the sale of its remaining 10.5% stake in PT Bank Danamon, the country's fifth largest lender by assets. The shares were priced at Rp5,200 each, a 1.9% discount to the Rp5,300 closing share price on the Jakarta Stock Exchange on Wednesday.