PT Semen Indonesia (Persero) Tbk (SMGR) ensures that today it has completed the share purchase transaction of PT Holcim Indonesia Tbk (SMCB). This is also reflected in the size of the transaction in the stock exchange today.
PT Semen Indonesia Tbk Corporate Secretary Agung Wiharto confirmed that the payment process was completed today. The total transaction value reaches US $ 917 million or equivalent to Rp. 12.9 trillion.
“Today we have completed the payment. Previously there were requirements that must be fulfilled. Today we officially completed the payment of US $ 917 million for 80.6% of Holcim’s shares,” he told the media crew on Thursday (01/31/2019).
According to RTI data today, a Holcim Indonesia share transaction took place at the Nego market. The transaction value reaches Rp. 13 trillion facilitated by BNI Securities. The value per share for the transaction is Rp 2,097 per share.
Agung said at this time his party was preparing a proposal to convey to OJK that it had completed the transaction.
“Today or at the latest tomorrow we submit it to OJK if we have completed payment. 48 hours at the latest,” he added.
As is known on 12 November 2019 Semen Indonesia signed a Conditional Sales & Purchase Agreement to take over 6,179,612,820 shares (or an equivalent of 80.6% share ownership) of PT Holcim Indonesia Tbk (SMCB), worth US $ 917 million.
The shares were previously owned by Holderfin B.V, a subsidiary of LafargeHolcim, a company based in Switzerland.
The acquisition transaction was carried out through PT Semen Indonesia Industri Bangunan (SIIB) which is a subsidiary of Semen Indonesia. Holcim Indonesia is the third largest cement company in Indonesia, has four cement plants with a capacity of 14.8 million tons per year and 30 ready-mix facilities.
Taking over Holcim Indonesia’s shares will further strengthen Semen Indonesia’s position in the domestic market. Semen Indonesia will be able to expand its cement plant network domestically, expand the diversification of the types of products offered, increase efficiency especially distribution costs and raw materials, while strengthening the position of the ready-mix business with a variety of products and solutions that can increase added value to stakeholders. (das / dna)