Lippo Divests Its Conventional Business One By One

By Editorial Team 17/06/2022
Insurance
Summary

PT Lippo General Insurance Tbk (LPGI) will divest its ownership in PT Lippo Life Assurance to PT Medika Ekosis Digital. In a media announcement on Wednesday, the Lippo Life Assurance Board of Directors announced that the divestment of Lippo Life Assurance shares would be subject to approval from the Financial Services Authority (OJK).

LGI will sell 199.99 million shares in Lippo Life, representing a 99.99 percent stake in the company. "The planned takeover will result in the company's transfer of control and will be carried out under the applicable laws and regulations," Lippo Life Assurance management said in an announcement in print media.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.