While FWD plans to grow its stake in BRI Life gradually, state-controlled Bank Rakyat will remain the majority shareholder. Photo: Shutterstock
Richard Li’s FWD to buy stake in Indonesian life insurer for about US$300 million
- Deal shows FWD’s financial strength to rating agencies wary of Covid-19 impact, CEO says
- FWD is still waiting for licence to operate a majority-owned joint venture in mainland China
While FWD plans to grow its stake in BRI Life gradually, state-controlled Bank Rakyat will remain the majority shareholder. Photo: Shutterstock
