The subsidiary, PT Asuransi Adira Dinamika, has drawn interest from European and Japanese insurers.
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.
Under the new deal, Inalum will seek to acquire London-based Rio Tinto Group’s joint venture interest in Grasberg by March.
It will join Hermina Hospital Group and snack maker GarudaFood Group in seeking to sell stock.
MUFG will probably buy 40 percent of Danamon in two phases, the first of which may take place early in 2018
The country is asking 118 companies to embrace new sources of fundraising starting next year.
The company joins snack producer GarudaFood and toilet brand Toto’s local distributor in planning to raise funds in the equity market.
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 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 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 »