Ometraco acquires Atraco

Thu, 28 Sep 1995 | Source: JP

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)

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