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Announced

Astra International to acquire the remaining stake in Astra Aviva Life.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

life insurance services

Friendly

life insurance

insurance brokerage services

Majority

Life Insurance

Public

Indonesia

Acquisition

life insurance brokerage

Joint Venture

Single Bidder

Domestic

Synopsis

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Astra International, an Indonesian conglomerate, is set to acquire the remaining 50% in its joint venture PT Astra Aviva Life, a life insurance services provider, from Aviva, an insurance brokerage firm. Financial terms were not disclosed. The transaction is expected to complete in Q4 2020 and is subject to certain closing conditions, including regulatory approval in Indonesia and the completion of Bangkok Bank Public Company's acquisition of PT Bank Permata.

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