PT Panin Internasional signed an agreement to acquire additional 62.87% stake in PT Panin Life from PT Panin Financial Tbk (JKSE:PNLF) and Tri Djoko Santoso for approximately IDR 240 billion on June 28, 2013, 2013. Panin Life obtained the approval on the change of ownership from Financial Services Authority on May 14, 2013. The shareholders of Panin Life approved the selling and transfer of 2.4 billion shares of PT Panin Financial Tbk in Panin Life and 10 shares of Tri Djoko Santoso in Panin Life to Panin Internasional.

PT Panin Internasional completed the acquisition of additional 62.87% stake in PT Panin Life from PT Panin Financial Tbk (JKSE:PNLF) and Tri Djoko Santoso on July 2, 2013.