Mapfre Internacional SA made a mandatory tender offer to acquire an additional 29% stake in PT Asuransi Bina Dana Arta Tbk (JKSE:ABDA) for IDR 1.3 trillion on August 2, 2017. Under the terms, Mapfre Internacional SA offered to acquire up to 180.03 million shares at IDR 7,056 per share. Payment of the tender offer will be subject to a fee of 0.35% of the transaction value and will be paid by the qualified applicant. The tender offer period is August 3, 2017 to September 2, 2017.