Jakarta –
Djarum Group Company, PT Sarana Menara Nusantara Tbk (TOWR) through PT Professional Telekomunikasi Indonesia or Protelindo acquired a 94.03% stake in PT Solusi Tunas Pratama Tbk (SUPR) for Rp 16.72 trillion.
Citing the information disclosure of the Indonesia Stock Exchange, Friday (1/10/2021), the number of shares purchased was 1,069,614,676 shares. Then, the share purchase price is Rp 15,640.51 per share. Thus, the total value of the takeover is Rp. 16,729,319,036,125.
The statement explained that prior to the takeover date, Protelindo did not own directly or indirectly the shares issued by SUPR.
“The purpose of the takeover is to develop the PRTL business and expand the business network in order to strengthen the PRTL position as an independent tower owner and operator in order to serve Indonesian telecommunications operators,” the statement read.
In accordance with applicable regulations, Protelindo will carry out a mandatory tender.
“As a result of the implementation of the acquisition, PRTL will carry out a mandatory tender offer in accordance with OJK Regulation No. 9/2018,” this statement reads further.
(acd / hns)
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