Shares of general insurer PT Asuransi Bina Dana Arta Tbk (ABDA) dropped 12.41% to Rp6000 on Wednesday (June 14) following report that MAPFRE had purchased additional 31% stake in ABDA, giving it 51% control. The transaction was closed at a price of 90 million euros, equivalent Rp1.34 trillion, made though crossing market at the Indonesia Stock Exchange (IDX) on Monday (June 12). To subscribe please click here