Reuters - Japan's SMBC in Talks for TPG's Indonesia Bank Stake

Japan's Sumitomo Mitsui Banking Corp is in advanced talks to buy a $1.3 billion stake in BTPN, an Indonesian lender backed by TPG Capital, writes Reuters. In 2008, TPG Capital Management acquired a 71.6 percent stake in the Indonesian pensioners' savings bank, named Bank Tabungan Pensiunan Nasional Tbk PT, for $195 million.

DealsNorth AmericaUSBriefs