State-owned insurance firm PT ASABRI (Persero), where Indonesian military and police placed more then Rp15 trillion of pension annuity, has recently offloaded around 50 million shares of Bank Yudha Bhakti (BBYB) at undisclosed price, reducing its ownership in the small bank from 21.89% to 19.9%. Interesting to see if the insurance firm would restructure its portfolios.To subscribe please click here
