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Fairfax to acquire 80% stake in Indonesian insurer

April 25, 2014 - 6:00am

Canada's property/casualty insurer Fairfax Financial Holdings Ltd. is set to acquire 80% stake in PT Batavia Mitratama Insurance, which offers general insurance products in Indonesia, Reuters reported.

Fairfax did not disclose the terms of the deal, which is expected to close in the second quarter of this year.

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