PT Energi Mega Persada Tbk (JKSE:ENRG) acquired an additional 24% stake PT EMP Tonga from PT Capitalinc Investment Tbk (JKSE:MTFN) for $18.1 million on April 18, 2013. As per the terms of the deal, PT Energi Mega acquired 2400 shares of PT EMP Tonga. In a related deal, PT Energi Mega Persada Tbk (JKSE:ENRG) acquired 99% stake in PT Kencana Surya Perkasa from PT Capitalinc Investment Tbk (JKSE:MTFN) on April 18, 2013. PT Energi Mega Persada already had 75% stake in EMP Tonga. Following the completion of the deal, PT Energi Mega Persada will hold 99% stake in PT EMP Tonga. PT EMP Tonga had total assets of $35.38 million as of December 31, 2012. The proceeds will be used by Capitalinc Investment Tbk to repay the obligations to third party and also to develop investment.

PT Energi Mega Persada Tbk (JKSE:ENRG) completed the acquisition of an additional 24% stake PT EMP Tonga from PT Capitalinc Investment Tbk (JKSE:MTFN) on April 18, 2013.