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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