PT Sekar Bumi Tbk (IDX:SKBM) entered into a sale and purchase agreement to acquire 29.75% stake in PT Bumi Pangan Inti from PT Multi Karya Sejati for IDR 73 million on April 10, 2019. PT Sekar Bumi shall acquire 119 shares of PT Bumi Pangan Inti. Presently, PT Sekar Bumi holds 70% stake in PT Bumi Pangan Inti and after the transaction PT Sekar Bumi shall hold 99.75% stake in PT Bumi Pangan Inti. As per the transaction, PT Bumi Pangan Inti’s business activities will be fully integrated into PT Sekar Bumi.