JAKARTA – Hanwha Life Insurance Co. Ltd is planning to acquire 2.99 billion shares or approximately 40% of the issued and paid-up capital of PT Bank Nationalnobu Tbk (NOBU). The decision will be made during the Extraordinary General Meeting of Shareholders (RUPSLB) scheduled for March 25, 2025.

According to a summary of the acquisition plan published on Friday (31/1), Hanwha Life will purchase shares from several shareholders, including PT Putera Mulia Indonesia, PT Prima Cakrawala Sentosa, PT Multipolar Tbk (MLPL), PT Star Pacific Tbk (LPLI), PT Inti Anugerah Pratama, PT Ciptadana Capital, and PT Lenox Pasifik Investama Tbk (LPPS).

NOBU currently has 7.47 billion shares with a nominal value of Rp100 per share, amounting to Rp747.84 billion. The current shareholder structure is as follows:

• PT Putera Mulia Indonesia: 23.97%
• PT Prima Cakrawala Sentosa: 10.66%
• PT Star Pacific Tbk: 13.45%
• PT MNC Land Tbk: 9.99%
• PT Inti Anugerah Pratama: 8.02%
• PT Grahaputra Mandirikharisma: 2.20%
• PT Ciptadana Capital: 1.16%
• PT Lenox Pasifik Investama Tbk: 0.47%
• PT Matahari Department Store Tbk: 9.73%
• OCBC Securities Pte Ltd (Client A/C): 6.91%
• Nomura Securities Co Ltd (Client A/C): 5.73%
• PT Multipolar Tbk: 0.22%
• Public: 7.50%

After the acquisition, the shareholder structure will be as follows:

• PT Putera Mulia Indonesia: 4.50%
• PT Prima Cakrawala Sentosa: 5.14%
• PT Star Pacific Tbk: 8.31%
• PT MNC Land Tbk: 9.99%
• PT Inti Anugerah Pratama: 0.00%
• PT Grahaputra Mandirikharisma: 2.20%
• PT Ciptadana Capital: 0.00%
• PT Lenox Pasifik Investama Tbk: 0.00%
• PT Matahari Department Store Tbk: 9.73%
• OCBC Securities Pte Ltd (Client A/C): 6.90%
• Nomura Securities Co Ltd (Client A/C): 5.73%
• Public: 7.50%
• Hanwha Life Insurance Co Ltd: 40%

As part of the acquisition process, Hanwha Life has ensured that various aspects have been considered, including the interests of creditors, the welfare of Nobu Bank's employees, and fair competition principles in the banking industry. This acquisition has already received approval from the board of commissioners of Nobu Bank and the directors of Hanwha Life.

Creditors or any party with objections to the acquisition plan are allowed to submit written objections to Nobu Bank no later than February 24, 2025. If no objections are raised by the deadline, the acquisition process will be considered approved and proceed as planned. (DK)