PT Perdana Gapuraprima Tbk (JKSE:GPRA) agreed to acquire 70% stake in PT Mitra Abadi Sukses Sejahtera for IDR 140 billion on December 18, 2014. In a related transaction, PT Perdana Gapuraprima Tbk agreed to acquire 60% stake in PT Gapura Inti Utama for IDR 70 billion on December 18, 2014. The consideration will be funded from internal funds. The deal is expected to close in the mid of year 2015.

PT Perdana Gapuraprima Tbk (JKSE:GPRA) cancelled the acquisition of 70% stake in PT Mitra Abadi Sukses Sejahtera on December 18, 2015.