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

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.