gfp Posted May 18, 2016 Share Posted May 18, 2016 http://www.bloomberg.com/news/articles/2016-05-16/watsa-s-fairfax-said-to-near-takeover-deal-for-indonesia-insurer Fairfax close to buying Indonesian insurer: Bloomberg Canadian conglomerate Fairfax Financial is in advanced talks to buy control of PT Paninvest’s non-life insurance unit, according to a report on Bloomberg. The deal would value the Indonesian carrier at around $200mn, with an agreement expected to be announced in the coming weeks. The transaction comes with a so-called bancassurance agreement, which would allow insurance products to be distributed and sold through the branches of Paninvest’s lending affiliate PT Bank Pan Indonesia. Link to comment Share on other sites More sharing options...
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