trending Market Intelligence /marketintelligence/en/news-insights/trending/iu0frlfr_gza0zh0wmzjew2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
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

MI Mobile App

Independent Networks Gain Little Traction On Virtual Multichannel Services

Big Strategy Decisions Ahead For Viacom As It Moves Into The CBS Fold

Street Talk Episode 48 - Bank M&A, Investing Against An Inverted Yield Curve Overview


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.