Malaysia's Tune Ins buys into Indonesian insurer

May 6, 2015 12:30 AM

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KUALA LUMPUR May 6 (Reuters) - Tune Ins Holdings Bhd , 13.65 percent-owned by Malaysian budget carrier AirAsia, said it will buy half of unlisted Indonesian insurance provider PT Ansuransi Staco Mandiri for 82.9 billion rupiah ($6.35 million).

The target company is majority-owned by Dana Pensiun Bank Mandiri Dua, a private pension fund manager for Bank Mandiri staff.

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