SCG Retail Holding Company Limited entered into a conditional agreement to acquire an unknown minority stake in PT Catur Sentosa Adiprana Tbk (IDX:CSAP) from the founder and other shareholders on July 16, 2018. The transaction consists of acquisition of new shares and existing shares for a combined value of IDR 1 trillion. SCG Retail Holding Company Limited agreed to acquire 19.91% stake in PT Catur Sentosa Adiprana Tbk from the founder and other shareholders. In a related transaction, SCG Retail Holding Company Limited acquired 9.09% stake in PT Catur Sentosa Adiprana Tbk through a private placement transaction. Upon completion of both the transactions, SCG Retail Holding Company Limited will hold 29% stake in PT Catur Sentosa Adiprana Tbk. Upon completion, the founder will remain the controlling shareholders. The transaction is subject to certain conditions. The transaction is expected to be completed in the third quarter of 2018. SCG Retail Holding Company Limited completed the acquisition of 19.91% stake in PT Catur Sentosa Adiprana Tbk (IDX:CSAP) from the founder and other shareholders on September 21, 2018.