Aseana to finish up acquisition of Mapre’s shares in ABDA

02 September 2022 06:08

JAKARTA – Aseana Insurance Pte Ltd concludes the acquisition of 62.33% of shares of Mapre Internacional SA in PT Asuransi Bina Dana Abadi Tbk (ABDA) worth IDR 885.67 billion.

In the information disclosure quoted Friday (2/9), Ratih Kusumadilaga, Corporate Secretary of ABDA, confirmed that Aseana’s portion in the company has risen to 87.18% post transaction. “Prior to the completion of this transaction, Aseana’s ownership only clocked up to 24.85% or 154,273,041 shares of the entire shares issued by the company,” she explained.

After this transaction, Aseana claims another 386,924,893 shares, bringing its portion up to 541,197,934 shares of the total issued shares of ABDA.

Aseana is known as a Singapore-based company under Warburg Pincus LLC and its affiliates. Its issued and paid-up capital amounts to USD 178.59 million, consisting of 178,592,601 common shares and preferred shares worth USD 1/share. (LK/ZH)

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