PT Exploitasi Energi Indonesia Tbk (JKSE:CNKO) agreed to acquire 51% stake in PT Sangsaka Hidro Selebes from PT Sangsaka Hidro Tiara and another shareholder for IDR 50 billion on June 26, 2012. In related transactions, PT Exploitasi Energi Indonesia Tbk agreed to acquire 51% stake in PT Sangsaka Hidro Barat for IDR 20 billion and 51% of PT Pembangkit Listrik Kerambil and 51% of PT Pembangkit Listrik Induring and 51% of PT Pembangkit Listrik Muaro Sako from PT Bergonia Pratama for IDR 23 billion. PT Exploitasi Energi will use self-financing to fund the acquisition. The acquisition will be implemented after PT Exploitasi Energi has completed the due diligence process.

PT Exploitasi Energi Indonesia Tbk (JKSE:CNKO) cancelled the acquisition of 51% stake in PT Sangsaka Hidro Selebes from PT Sangsaka Hidro Tiara and another shareholder on June 26, 2013.