PT Astra International Tbk (IDX:ASII) acquired 18.75% stake in PT Astra Sedaya Finance from PT Bank Permata Tbk (IDX:BNLI) for IDR 2.1 trillion on March 25, 2018. Under the terms, PT Astra International Tbk acquired 178.21 million shares of PT Astra Sedaya Finance. In related transaction, PT Astra International Tbk (IDX:ASII) acquired 6.25% stake in PT Astra Sedaya Finance from PT Bank Permata Tbk (IDX:BNLI) for approximately IDR 700 billion on March 25, 2018. Post Transaction, PT Astra International Tbk holds 25% stake in PT Astra Sedaya Finance. KJPP Jennywati, Kusnanto & Rekan acted as valuer in a transaction.

PT Astra International Tbk (IDX:ASII) completed the acquisition of 18.75% stake in PT Astra Sedaya Finance from PT Bank Permata Tbk (IDX:BNLI) on March 25, 2018.