Announced
Completed
Financials
Sources
Tags
Cross Border
Completed
Single Bidder
Private Equity
general insurance
Majority
Indonesia
Acquisition
Full Line Insurance
Friendly
Public
Synopsis
Warburg Pincus-backed Aseana Insurance, a holding comapny, completed the acquisition of a 62.33% stake in Asuransi Bina Dana Arta, a general insurance firm, from Mapfre, a multinational insurance company, for $60m. "The purpose of the takeover is to build Aseana's business in Indonesia," ABDA.
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