Announced
Financials
Sources
Tags
Private
Acquisition
insurance provider
Full Line Insurance
Pending
Single Bidder
Friendly
Indonesia
Cross Border
Majority
Synopsis
Warburg Pincus, a US-based private equity firm, agreed to acquire a majority stake in the Indonesian insurance unit of Mapfre, a Spanish multinational insurance company, for $63m. The definitive close of this transaction will be executed according to the terms of the contract, which includes the approval of the corresponding authorities.
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