JAKARTA - Heidelberg Materials AG is restructuring its portion in PT Indocement Tunggal Prakarsa Tbk (INTP) by acquiring 1.87 billion shares of Birchwood Omnia Ltd planted in said company. With the price set to IDR 11,022 per share, the transaction value clocks up to IDR 20.69 trillion.

In the information disclosure quoted today (8/11), Dani Handajani, Corporate Secretary of INTP, revealed that Heidelberg is an indirect owner of the company, and controls all shares of Birchwood. “This acquisition will not change the controlling shareholder of the company,” Handajani confirmed.

As of yesterday (7/11), Heidelberg officially became the major shareholder with direct ownership of 51% of issued and paid-up capital of INTP of 3.68 billion shares. In September 2023, the shareholder structure of INTP consisted of Birchwood of 51%, the public of 42.2%, and treasury stock of 6.8%.

Yesterday (7/11), INTP was closed at IDR 9,825 per share. It peaked at IDR 10,200 per share and hit the lowest at IDR 9,700 per share. The volume of traded shares clocked up to 4.15 million, recorded within 3,453 transactions worth IDR 41.27 billion. (LK/ZH)