PT Tiara Marga Trakindo made an offer to acquire an additional 29.87% stake in PT HD Finance Tbk (JKSE:HDFA) from PT. Orang Tua Group for approximately IDR 120 billion on April 12, 2013. PT Tiara Marga Trakindo will acquire 460 million shares of PT HD Finance Tbk for IDR 265 per share.

PT Tiara Marga Trakindo already had 45% stake in HD Finance. The tender offer will open on April 13, 2013 and close on May 12, 2013. The expected payment date is May 22, 2013.

PT Sinarmas Sekuritas acted as an advisor in the transaction. PT Trimegah Securities acted as advisor in the transaction. PT Adimitra Transferindo acted as transfer agent in the transaction.

PricewaterhouseCoopers acted as financial advisor for Orang Tua.