Zurich Insurance to buy majority stake in Indonesia's Adira for $414m

Zurich Insurance to buy majority stake in Indonesia's Adira for $414m

FILE PHOTO: The logo of Swiss company Zurich insurance is seen at an office building in Zurich's Oerlikon suburb, Switzerland August 10, 2017. REUTERS/Arnd Wiegmann

Zurich Insurance is acquiring an 80 percent stake in Indonesia’s Adira Insurance from PT Bank Danamon Indonesia  and a minority investor for at least around $414 million, the Swiss group said on Thursday.

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