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Bisnis.com, JAKARTA – PT Barito Pacific Tbk. (BRPT) has concluded two securities transactions, namely the restricted public offering II (PUT) of 8.9 trillion rupiahs up to the issuance of rights and the l & # 39; acquisition of 66.67% of the shares of Star Energy Group Holding Pte. Ltd.
Barito Pacific Agus CEO Salim Pangestu said that the company has completed the PUT II process for additional capital by granting preferential rights on June 29, 2018.
Previously, on June 7, 2018, BRPT has completed the acquisition 66.67% shares of Star Energy, the largest geothermal energy producer in Indonesia
"The Company appreciates and thanks for the support of shareholders, regulators and other stakeholders for having completed PUT II at a high price in the market turmoil, "
To underline its support for the company 's growth plan, BRPT' s main shareholder Prajogo Pangestu exercised all the rights it had. amounting to Rp. 7.4 trillion. Prajogo also made an additional order of Rp. 1.4 trillion.
A total amount of Rp. 7.4 trillion in proceeds rights issue is used for rebo urser stock purchases at Star Energy. The remaining funds will be allocated as working capital of the company's subsidiaries.
According to Agus, the acquisition of Star Energy is one of the important milestones and in line with the company's mission of expansion in the area of renewable energy resources. The existence of new business areas also makes the company's revenue stream more diverse.
"This will strengthen and diversify the company's revenue growth opportunities," he added.
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