Pt Asia Prima Packaging entered into an agreement to acquire 99.99% stake in PT Aneka Plastindo Yutama from PT Alam Karya Unggul Tbk (JKSE:AKKU) for IDR 8.4 billion on March 25, 2013. As part of the consideration, IDR 1.6 billion will be paid in cash to PT Alam Karya Unggul Tbk with the prerequisite of the approval from the Extra ordinary General Meeting of PT Alam Karya Unggul Tbk and IDR 6.8 billion will be paid in cash to PT Alam Karya Unggul Tbk on the shares transfer date. Pt Asia Prima Packaging is acquiring 1.12 million shares of PT Aneka Plastindo Yutama representing 99.99% stake.

The transaction was approved by the shareholders of PT Alam Karya on June 10, 2013. The expected completion date for the transaction is July 25, 2013.