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Dai-ichi Life Insurance Co Ltd to Invest in PT Panin Life


Monday, 3 Jun 2013 10:00pm EDT 

Dai-ichi Life Insurance Co Ltd announced that it will acquire 533,669,000 shares of an Indonesia-based company PT Panin Life, which is a life insurance company, as well as 75,344,500 shares of PT Panin Internasional, which holds a 100% stake in PT Panin Life. As a result, the Company will hold a 5% stake in PT Panin Life and a 36.842% stake in PT Panin Internasional. The acquisition price is approximately JPY 34,300 million in total. 

Company Quote

1650.0
97.5 +6.28%
31 Oct 2014