PT Trada Alam Minera Tbk (IDX:TRAM) made a tender offer to acquire 49.9% stake in PT SMR Utama Tbk (IDX:SMRU) for IDR 3.1 trillion on December 30, 2017. PT Trada Alam Minera will acquire a maximum of 6.2 billion shares at IDR 502 per share. PT Trada Alam Minera Tbk does not intend to liquidate or delist PT SMR Utama Tbk upon completion.

The offer will run from December 30, 2017 to January 28, 2018. The payment date is February 9, 2018. PT Ciptadana Securities advised in the transaction.