In today’s briefing:
- Austindo (ANJT IJ): First Resources (FR SP)’s MTO
Austindo (ANJT IJ): First Resources (FR SP)’s MTO
- Back on the 10th March 2025, First Resources (FR SP) entered into a SPA to acquire a 91.17% stake in oil plantation producer Austindo Nusantara Jaya (ANJT IJ).
- The completion of the transaction would trigger an mandatory tender offer (MTO). The sale was completed on the 6th May.
- The MTO kicks off today. The Offer Price is IDR 1,813/share. Payment is the 3rd October.
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