PT United Tractors Tbk entered into a Sale and Purchase Agreement to acquire an unknown stake in PT Supreme Energy Rantau Dedap from INPEX GEOTHERMAL, LTD. and Merit Power Holdings B.V. , Axia Power Holdings B.V., and Tohoku Power Investment Company B.V for $80.7 million.

PT United Tractors Tbk (IDX:UNTR) entered into a Sale and Purchase Agreement to acquire an unknown stake in PT Supreme Energy Rantau Dedap from INPEX GEOTHERMAL, LTD. and Merit Power Holdings B.V. for $80.7 million on March 1, 2024. The consideration consists of $80.69 million in cash. As part of the consideration, $80.69 million was paid towards common equity.

The transaction may have adjustments at the closing date due to which the total value of the deal may change. The completion is subject to the conditions precedent as stipulated in the Sale and Purchase Agreement including PT Supreme Energy Rantau Dedap shareholders approval.