P.T. Asuransi Multi Artha Guna Tbk agreed to acquire PT Panin Insurance from PT Paninvest Tbk and Mumin Ali Gunawan.
Board of Commissioners of PT Paninvest Tbk decided the merger on April 20, 2015. The transaction is subject to approval by the shareholders of Asuransi Multi. The estimated effective date of the merger is scheduled on June 24, 2015, while the listing date of merged Asuransi Multi's shares is scheduled on June 25, 2015. As of May 30, 2015, extraordinary general meeting of shareholders will be held on June 15, 2015. As of June 15, 2015, the deal was approved by the shareholders of Asuransi Multi and Panin Insurance.