Troubled Indonesian insurer Bumiputera struggles to find white knight

Troubled Indonesian insurer Bumiputera struggles to find white knight

The office of Bumiputera insurance is seen in the business district of Jakarta, Indonesia December 20, 2016. REUTERS/Fatima El-Kareem

Indonesian authorities seeking to shore up troubled life insurer Bumiputera have had little luck in finding a strategic investor and engineering a backdoor listing, increasing the likelihood that some form of state aid may have to be considered.

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