Mapfre takes control of Indonesia's ABDA

Spanish insurer Mapfre has completed its EUR90mn ($100.9mn)
acquisition of an additional 31 percent stake in Indonesia's
Asuransi Bina Dana Arta (ABDA) in a transaction that gives it
control of the company.
Mapfre bought an initial 20 percent of ABDA in 2013 as part of a
push to expand in southeast Asia. It has now closed last
October's agreement after obtaining regulatory approval to buy
the additional shares.
With control of ABDA secured, Mapfre must now make a public
offer...