PT Sumber Alfaria Trijaya Tbk (JKSE:AMRT) signed a share purchase agreement to acquire an additional 41.82% stake in PT Midi Utama Indonesia Tbk (JKSE:MIDI) from PT Amanda Cipta Persada for approximately IDR 960 billion on January 15, 2013. Sumber will acquire 1.21 billion shares for IDR 800 each. The transaction was financed with internal cash and investment credit of IDR 900 billion from Bank Central Asia obtained in 2012. Post purchase, Sumber Alfaria Trijaya will have 54.75% in Midi Utama Indonesia. Jennywati, Kusnanto & Rekan acted as an appraiser.

PT Sumber Alfaria Trijaya Tbk (JKSE:AMRT) completed the acquisition of an additional 41.82% stake in PT Midi Utama Indonesia Tbk (JKSE:MIDI) from PT Amanda Cipta Persada on January 18, 2013.