PT Kalbe Farma Tbk. (IDX:KLBF) entered into agreement to acquire 80% stake in PT Aventis Pharma (Indonesia) from Hoechst GmbH and Sanofi-Aventis Participations S.A.S. on July 22, 2022. Transaction is expected to be effectively implemented in Q4 2022 subject to the fulfillment of certain conditions as part of the SPA.

As of September 20, 2022, The transaction is expected to complete in October.