BDI's Jumbo Tender Offer for Tower Bersama Shares

By Editorial Team 13/05/2022
telecommunication towers
Summary

Bersama Digital Infrastructure Asia Pte. Ltd. (BDI), a Saratoga Group affiliated company, will conduct a voluntary tender offer for PT Tower Bersama Infrastructure Tbk (TBIG) shares at Rp 3,200 per share. This was done after BDI bought a 62.38 percent stake in TBIG in April. BDI has allocated Rp 7.5 trillion for the plan.

Based on KSEI's announcement on May 11, BDI will purchase a maximum of 2.48 billion shares from public shareholders in this voluntary tender offer, equivalent to 10.97 percent of TBIG’s paid-in TBIG. The voluntary tender offer period will start on June 22 at 09.00 a.m. Jakarta time and close on July 22 at 3.15 p.m.

Previously, BDI bought 14.13 billion shares or a 62.38 percent stake in TBIG on April 22, 25, and 26 at Rp 3,200 per share. BDI, formerly Provident Consolidated Holdings Pte. Ltd., took over the shares from several parties.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.