PT Batavia Prosperindo Internasional Tbk (IDX:BPII) acquired additional 44.1% stake in PT Malacca Trust Wuwungan Insurance Tbk (IDX:MTWI) from PT Batavia Prima Investama for IDR 33.6 billion on July 20, 2020. PT Batavia Prosperindo Internasional Tbk acquired 672.9 million shares at IDR 50 per share and holds 63.32% stake in MTWI.

PT Batavia Prosperindo Internasional Tbk (IDX:BPII) completed the acquisition of additional 44.1% stake in PT Malacca Trust Wuwungan Insurance Tbk (IDX:MTWI) from PT Batavia Prima Investama on July 20, 2020.