Fathiya Dahrul

Indonesia’s Bank Danamon fields interest from suitors for insurance unit

The subsidiary, PT Asuransi Adira Dinamika, has drawn interest from European and Japanese insurers.

Indonesian drugmaker Kalbe Farma eyes Sri Lanka, Mideast expansion

Kalbe, which gets about a third of its revenue from distribution and logistics, is open to roping in an equity partner for the unit, a top executive said.

Indonesia, Freeport to transfer majority ownership in giant Grasberg copper mine

Under the new deal, Inalum will seek to acquire London-based Rio Tinto Group’s joint venture interest in Grasberg by March.

Indonesian Pizza Hut operator Sriboga Raturaya mulls $150m IPO

It will join Hermina Hospital Group and snack maker GarudaFood Group in seeking to sell stock.

MUFG hopes to begin buying Bank Danamon Indonesia stake early 2018

MUFG will probably buy 40 percent of Danamon in two phases, the first of which may take place early in 2018

Indonesia asks state-owned firms to tap markets for capital

The country is asking 118 companies to embrace new sources of fundraising starting next year.

Indonesia: CVC-backed sporting goods retailer MAP Active mulls $300m IPO

The company joins snack producer GarudaFood and toilet brand Toto’s local distributor in planning to raise funds in the equity market.

Indonesia: BCA earmarks $295m to acquire mid-size lender amid rising competition

While there have been several offers, the Jakarta-based bank, majority-owned by billionaires Budi Hartono and Michael Hartono, is yet to zero in on one.

Indonesian tycoon Tahir keen to acquire StanChart stake in Bank Permata

Indonesian business tycoon Tahir is keen to gain control of PT Bank Permata, a larger rival to his PT Bank Mayapada International, as he seeks to put his lender in the ranks of the nation’s biggest banks. Tahir’s Mayapada Group wants to buy the 90 percent of Permata that is… Read more »

Indonesian dealmaker Eric Thohir swoops in on insurance after Inter Milan sale

Indonesian businessman Erick Thohir, whose investments have ranged from newspapers to sports teams in the U.S. and Europe, is now betting on life insurance. A group led by Thohir plans to invest 2 trillion rupiah ($149 million) to gain full ownership of Asuransi Jiwa Bumiputera, a new unit of century-old mutual… Read more »