PT Rajawali Corporation signed an agreement to acquire 80.18% stake in PT Fortune Indonesia Tbk (JKSE:FORU) from Pt. Grhaadhika Fortune and PT Fortune Daksa Pariwara for approximately IDR 110 billion on July 4, 2014. Buyer is acquiring 373 million shares of PT Fortune Indonesia Tbk and paying IDR 270 per share. Following the completion of this acquisition, Rajawali will make a tender offer in accordance with applicable laws and regulations. Nurfurqan acted as legal advisor for Fortune Indonesia.

PT Rajawali Corporation completed the acquisition of 80.18% stake in PT Fortune Indonesia Tbk (JKSE:FORU) from Pt. Grhaadhika Fortune and PT Fortune Daksa Pariwara on September 7, 2014.