Apexindo Pratama Duta tbk PT (JKSE:APEX) agreed to acquire PT Apexindo Energi Investama on April 3, 2014. Under the terms of the transaction, the loan from Apexindo Pratama Duta to Apexindo Energi Investama will be eliminated and Apexindo Energi Investama's shareholding in Apexindo Pratama Duta will decrease. Under the terms of the transaction, each Apexindo Energi Investama share will be converted into 2257 Apexindo Pratama Duta shares. The transaction is subject to approval by the shareholders of Apexindo Energi Investama and Apexindo Pratama Duta. Apexindo Pratama Duta shareholders who do not approve the merger can sell their share at IDR 3795 per share. As of June 2, 2014, it was notified that the shareholders who voted against the merger will be paid IDR 3830 per share. No new shares will issued in the transaction and each Apexindo Energi Investama share will be converted into 2261.624 shares of Apexindo Pratama Duta. Apexindo Pratama Duta will be the surviving entity. The transaction is expected to complete on July 1, 2014.

Apexindo Pratama Duta tbk PT (JKSE:APEX) completed the acquisition of PT Apexindo Energi Investama on July 2, 2014.