trending Market Intelligence /marketintelligence/en/news-insights/trending/iu0frlfr_gza0zh0wmzjew2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Paninvest completes sale of stake in general insurer to Fairfax Asia

Street Talk Episode 51 - Goldman Talks Libor Transition, Recent SOFR Volatility

#ChangePays: Although Still Underrepresented, Women in the C-Suite are Driving Profitability

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018


Paninvest completes sale of stake in general insurer to Fairfax Asia

PT PaninvestTbk completed the sale of a 53.15% stake in to FairfaxAsia Ltd. for a total consideration of 1.435 trillion Indonesian rupiah.

Paninvest said Oct. 11 that it sold a 51.85% stake in thegeneral insurer for 1.400 trillion rupiah, while its subsidiary PT PaninGeninholdco sold a 1.30% stake for 35.05 billion rupiah.

The sale was completed Oct. 10, after which Paninvest'sstake in Asuransi Multi Artha Guna dropped to 3.8%. As such, thegeneral insurer's financial statements will no longer be consolidated withthose of Paninvest.

Fairfax Asia is a unit of Canada's

As of Oct. 10, US$1was equivalent to 12,972.50 Indonesian rupiah.