Thursday 28 Mar 2024
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SINGAPORE (Dec 11): Great Eastern Holdings is acquiring QBE Indonesia for US$28 million (S$38.4 million) in cash to deepen its footprint in Indonesia and build up its general insurance operations into a significant business pillar for the group.

QBE Indonesia has a rich history in the Indonesian general insurance market dating back more than 100 years, providing comprehensive insurance solutions to businesses, professionals and families.

Wholly-owned subsidiary Great Eastern General Insurance (GEG) on Monday entered into a share purchase agreement to acquire 100% of the shares in PT QBE General Insurance Indonesia (QBE Indonesia), a company registered in Indonesia, from QBE Asia Pacific Holdings and... (Click here to read the full story)

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