PT. Chandra Asri Petrochemical Tbk (IDX:TPIA) entered into a Conditional Shares Sale and Purchase Agreement (CSPA) and Shareholders Agreement to acquire PT Krakatau Daya Listrik/PT. Krakatau Tirta Industri for IDR 3.24 trillion on January 3, 2023.

Chandra Asri will acquire 70% stake in PT Krakatau Daya Listrik and 49% stake in PT Krakatau Tirta Industri.