Announced
Financials
Sources
Tags
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
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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