Ometraco acquires Atraco

JAKARTA (JP): Publicly-listed Ometraco Corporation announced yesterday that it has acquired general insurance firm PT Asuransi Atraco for some Rp 4 billion (US$1.75 million).

Ometraco, which has three listed companies under its umbrella, said in a statement on Tuesday that, as part of the acquisition, it will inject capital of Rp 600 million into Atraco. (rid)