Bisnis.com, JAKARTA – Conglomerate Garibaldi ‘Boy’ Thohir announced that it would acquire PT Trimegah Sekuritas Indonesia Tbk. (TRIM).
The older brother of SOE Minister Erick Thohir said that he personally would buy the ownership of Advance Wealth Finance Ltd. in TRIM. Non-binding terms and conditions of the transaction were agreed on October 1, 2021.
Boy will pay 3.5 billion shares of TRIM or the equivalent of 49.23 percent. The amount of this transaction is not stated, however, if we refer to the closing price on the transaction date, which is IDR310 per share, then Northstar has the potential to earn IDR1.08 trillion.
“Which, if resolved, will result in a change of control over this securities company,” the announcement reads.
Boy himself in his announcement stated that the purpose of this takeover plan is for investment and business development in the Indonesian capital market. Prior to the transaction, Boy did not own directly or indirectly any TRIM shares.
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