( October 23, 2015, 05:09 GMT | Insight) -- State-controlled PT Bank Rakyat Indonesia, or BRI, is optimistic it can complete the acquisition of insurance firm PT Asuransi Jiwa Bringin Jiwa Sejahtera, or BRIngin Life, this year, MetroTV News reported. BRI has signed a conditional purchase agreement w...State-controlled PT Bank Rakyat Indonesia, or BRI, is optimistic it can complete the acquisition of insurance firm PT Asuransi Jiwa Bringin Jiwa Sejahtera, or BRIngin Life, this year, MetroTV News reported. BRI has signed a conditional purchase agreement with BRI Pension Fund to acquire its 90-percent shareholding in BRingin Life. However, Indonesia's Financial Services Authority, or OJK, said the acquisition plan was complicated because the parties involved were affiliated, according to Kontan.com. Changes in the controlling shareholder of an insurance company must also be approved by the OJK following a fit-and-proper test. In addition, the deal will need approval from the Ministry of State-Owned Enterprises. ...
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