{
    "success": true,
    "data": {
        "id": 1792588,
        "msgid": "ocbc-nisp-acquires-20-stake-in-ge-life-1780980901",
        "date": "2026-06-09 11:20:03",
        "title": "OCBC NISP Acquires 20% Stake in GE Life",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Banking",
        "summary": "PT Bank OCBC NISP Tbk has signed a conditional agreement to acquire a 20% stake in PT Great Eastern Life Indonesia from Great Eastern Life Assurance Company Limited. The acquisition, valued at IDR 201.98 billion, aims to establish the OCBC Group Indonesia financial conglomerate.",
        "content": "<p>Jakarta, CNBC Indonesia - PT Bank OCBC NISP Tbk (NISP) signed a\nConditional Shares Purchase Agreement (CSPA) with The Great Eastern Life\nAssurance Company Limited (GEL) on 8 June 2026. Under this agreement,\nOCBC Indonesia will purchase a 20.00% stake in PT Great Eastern Life\nIndonesia (GELI) from GEL.<\/p>\n<p>The completion of the share acquisition is subject to the fulfilment\nof certain conditions precedent, as agreed by the parties in the CSPA,\nand the receipt of regulatory approval regarding the takeover of GELI by\nOCBC Indonesia. Once the bank obtains regulatory approval, they will\nannounce a summary of the takeover plan and the Transaction Plan.<\/p>\n<p>The acquisition plan is being undertaken to comply with Financial\nServices Authority Regulation (POJK) Number 30 of 2024 concerning\nFinancial Conglomerates and Financial Conglomerate Holding Companies\n(PIKK).<\/p>\n<p>\u201cThe takeover of GELI by the Company is carried out within the\nframework of forming the OCBC Group Indonesia Financial Conglomerate,\nwhere the Company acts as the Operational Financial Conglomerate Holding\nCompany (PIKK) and GELI serves as a member of the Financial\nConglomerate,\u201d stated the President Director of OCBC Indonesia, Parwati\nSurjaudaja, in an information disclosure cited on Tuesday\n(9\/6\/2026).<\/p>\n<p>The value of the proposed acquisition of GELI shares is IDR 201.98\nbillion. Parwati stated that the funding for the plan will be sourced\nfrom OCBC Indonesia\u2019s internal funds.<\/p>\n<p>Upon completion of the Transaction Plan, OCBC Indonesia will directly\nhold a 20.00% stake in GELI (including one preferred share) which grants\nthe bank controlling rights over GELI. Consequently, OCBC Indonesia will\nbecome the controlling shareholder of GELI, with the Company acting as\nthe PIKK and GELI as a member of the Financial Conglomerate.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ocbc-nisp-acquires-20-stake-in-ge-life-1780980901",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}