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JawaPos.com – PT Barito Pacific Tbk completed a public call for savings II for additional capital by granting pre-emptive rights (PUT II) of Rp 8.9 trillion and acquired with 66.67% stake in Star Energy Group Holdings Pte Ltd. (Energy Star).
Chief Executive Officer of Barito Agus Salim Pangestu, announces that the Company has completed the PUT II process on June 29, 2018 and has successfully completed the acquisition of 66.67% stake in Star Energy, the leading geothermal producer Indonesian, June 7, 2018.
"The Company appreciates and expresses its great gratitude for the extraordinary support of shareholders, regulators and other stakeholders, as the company has managed to maintain PUT II at a high price in volatile market conditions," he said. in a press release. Sunday (1/7).
Agus explained that to emphasize his support and commitment to the company's growth plan, Prajogo Pangestu, as the main shareholder, exercised all rights totaling Rp 7.4 billion and made reservations. additional Rp. 1.4 trillion.
"A portion of the proceeds from the implementation of LUT II rising to 7.4 trillion rupees will be used to settle the remaining purchase price related to the acquisition of 66, 67% of Star Energy's stake and the remaining funds will be used for working capital of the subsidiaries, "he said.
According to him, the acquisition of Star Energy is one of the important footprints and enshrined in the Company's mission to consolidate its position in the renewable energy resources sector, making the Company a leader and a leading company in the energy sector in Indonesia.
After making the acquisition, he hopes to make Barito an integrated energy company with optimal operational capabilities, a diversified revenue stream and to enhance and diversify its growth opportunities.
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