Warburg Pincus-backed Aseana Insurance completed the acquisition of a 62.33% stake in ABDA from Mapfre for $60m.

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.