AGII Finalizes Acquisition Transaction with Samator
By Press Release19 March 2021
Jakarta, 19 March 2021 – PT Aneka Gas Industri Tbk (Bloomberg Code: AGII IJ or “Company”) have directly concluded the signing of a loan facility takeover agreement with PT Bank Rakyat Indonesia Agroniaga Tbk. (“Bank BRI Agro”), and through its subsidiary, PT Samator Gas Industri (“SGI”), have concluded the signing of a loan facility takeover agreement with PT Bank Rakyat Indonesia (Persero) Tbk (“Bank BRI”) on Tuesday, March 16th 2021 and Thursday, March 18th 2021 respectively as the Company finalizes their Sale and Purchase Agreement of Fixed Assets and Rental Agreement of Land and Buildings (“Transactions”) in 2 (two) business units owned by PT Samator (“Samator”). Thus, all revenues and profits of the two business units will be consolidated in the Company's financial statements effective as of March 2021.
Present at the two signing ceremonies, President Director of AGII, Rachmat Harsono said "We are pleased to inform you that we have reached a mutual agreement with Bank BRI and Bank BRI Agro, of which both have a trusted and strong cooperative relationship with the Company. Signing of the agreement marks our next step, which is to finalize our transaction with PT Samator. This timeline aligns with the management's commitment to complete the transaction in the first quarter of 2021. We are already looking forward to this new milestone for PT Aneka Gas Industri Tbk. As we have previously mentioned, this acquisition will further strengthen our position as a market leader, strengthen our network which is currently the largest network in the industrial gas sector in Indonesia, and provide the potential for faster and sustainable growth for the entire business ”.
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