Cathay Life Insurance to acquire 40% stake in Bank Mayapada for $278m.

Synopsis

Cathay Life Insurance, a life insurance company, agreed to acquire 40% stake in Bank Mayapada, a bank, for $278m. "For us, this is good for knowledge and technology transfer, as well as market expansion," Rudy Mulyono, Mayapada Сorporate Secretary.

Principals

target

Bank Mayapada

bidder

Cathay Life Insurance

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Market Context

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Seller Team (3)

sugianto osman

Partner at Allen & Overy

Lawyer

target

Deals

£ 229 M

Total Value

rudy mulyono

Corporate Secretary at BANK MAYAPADA

Manager

target

Deal

£ 214 M

Total Value

nathaniel mangunsong

Counsel at Allen & Overy

Lawyer

target

Deals

£ 214 M

Total Value

Bidder Team (1)

tiao-kuei huang

Chairman at CATHAY LIFE INSURANCE

Manager

bidder

Deal

£ 214 M

Total Value

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