IBJ Leasing Company, Limited (TSE:8425) made an offer to acquire 8.5% stake in PT. Verena Multi Finance Tbk (IDX:VRNA) for IDR 67.7 billion on February 22, 2019. IBJ Leasing Company, Limited agreed to acquire 483.3 million shares of in PT.

Verena Multi Finance Tbk for IDR 140 per share. The transaction will be funded by the internal funds of IBJ Leasing Company, Limited. The tender offer will commence on February 23, 2019 and will expire on March 24, 2019.

Hadiputranto, Hadinoto & Partners acted as legal advisor and PT. BNI Securities acted as financial advisor to PT. Verena Multi Finance Tbk.