PT Rajawali Corporation made an offer to acquire remaining 19.82% stake in PT Fortune Indonesia Tbk (JKSE:FORU) from the public shareholders for IDR 64.1 billion on October 29, 2014. PT Rajawali will acquire 92.2 million shares of PT Fortune Indonesia Tbk at IDR 695 per share in the transaction. The payment of the tender offer will be subject to a fee of 0.35% of the transaction value and will be paid by the shareholders.

The offer period will begin on October 30, 2014 and will be end on November 28, 2014. The payment will be made on December 10, 2014. PT Sinartama Gunita acted as registrar and PT.

Semesta Indovest acted as financial advisor to PT Rajawali Corporation in the transaction.