Mitsui & Co. (Asia Pacific) Pte. Ltd. and Fujimori Kogyo Co., Ltd. (TSE:7917) made a tender offer to acquire 20.6% of stake in PT Champion Pacific Indonesia Tbk (JKSE:IGAR) on June 25, 2016. In a related transaction, Mitsui & Co. (Asia Pacific) Pte. Ltd. and Fujimori Kogyo Co., Ltd. signed conditional share purchase agreement to acquire 79.4% of stake in PT Champion Pacific Indonesia Tbk (JKSE:IGAR) from PT Kingsford Holdings and Champion Pacific Limited. The tender offer will be financed through a capital infusion by Mitsui and Fujimori, who will ultimately have equity stakes of 40% and 60%, respectively. As of September 30, 2016, Mitsui and Fujimori Kogyo will acquire shares at IDR 274 per share. The tender offer will open on September 27, 2016 and close on October 27, 2016. PT Adimitra Jasa Korpora acted as registrar in the offer.

Mitsui & Co. (Asia Pacific) Pte. Ltd. and Fujimori Kogyo Co., Ltd. (TSE:7917) cancelled the acquisition of 20.6% of stake in PT Champion Pacific Indonesia Tbk (JKSE:IGAR) on June 25, 2017.