{
    "success": true,
    "data": {
        "id": 1730335,
        "msgid": "mapi-announces-plan-for-mandatory-tender-offer-at-rp1-550-per-share-what-is-the-premium-percentage-1778464351",
        "date": "2026-05-11 08:00:55",
        "title": "MAPI Announces Plan for Mandatory Tender Offer at Rp1,550 per Share, What is the Premium Percentage?",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Business",
        "summary": "PT Mitra Adiperkasa Tbk (MAPI) has announced a mandatory tender offer (MTO) at Rp1,550 per share following a change in control to Pacific Universal Investments Pte. Ltd., which acquired 51% of the company's shares for approximately Rp11.81 trillion. The offer price represents a 6.5% premium over the last closing price of Rp1,455 and a 22% premium over the 90-day average of Rp1,274, drawing investor attention to the valuation and potential strategic shifts in Indonesia's retail sector. This development underscores growing interest from global institutional investors in Indonesian retail businesses, with MAPI's shares rising 12.36% on the announcement day.",
        "content": "<p>PT Mitra Adiperkasa Tbk (MAPI) has announced plans for a mandatory\ntender offer (MTO) following a change in the company\u2019s control. This\ninformation is significant as the MTO price is set at Rp1,550 per share,\nwhich is above the last market price and the historical average trading\nprice.<\/p>\n<p>Based on disclosures to the Indonesia Stock Exchange (BEI) and the\nFinancial Services Authority (OJK) dated 8 May 2026, the new controlling\nshareholder, Pacific Universal Investments Pte. Ltd., has stated that\nthe MTO will be conducted through Samudra (Investment) Pte. Ltd.\u00a0and\nOcean Continuum Pte. Ltd.<\/p>\n<p>The mandatory tender offer price is set at Rp1,550 per share,\napproximately 6.5% above MAPI\u2019s closing price of Rp1,455 on 8 May 2026.\nThis value is also around 22% higher than the average trading price of\nMAPI shares over the 90 days prior to the transaction, which was Rp1,274\nper share.<\/p>\n<p>The planned mandatory tender offer follows Pacific Universal\u2019s\ncompletion of the acquisition of 51% of MAPI\u2019s shares, amounting to\n8.466 billion shares. The acquisition price was recorded at Rp1,395 per\nshare, with a total transaction value of approximately Rp11.81 trillion.\nThe company has stated that this corporate action will have no negative\nimpact on operations or business continuity. MAPI is an issuer in the\nretail, cafe, and restaurant sector.<\/p>\n<p>Mandatory Tender Offer Attracts Market Attention<\/p>\n<p>A mandatory tender offer is an obligation for the new controlling\nshareholder to provide public shareholders with the opportunity to sell\ntheir shares in accordance with the provisions of POJK\nNo.\u00a09\/POJK.04\/2018. The MTO price and its differential from the market\nprice are of interest to investors in assessing the transaction\u2019s\nvaluation and the market\u2019s response to the change in control.<\/p>\n<p>The new controlling shareholder mentioned that collaboration with CVC\nCapital Partners will support the development of the MAPI group business\nin Indonesia and Southeast Asia. CVC previously also held investments in\nPT MAP Aktif Adiperkasa Tbk. This transaction structure reflects the\ninterest of global institutional investors in Indonesia\u2019s retail\nsector.<\/p>\n<p>MAPI shares closed up 12.36% at Rp1,455 on trading on 8 May 2026,\napproaching the mandatory tender offer price level of Rp1,550 per share.\nThe market will monitor the official MTO implementation schedule as well\nas developments in the company\u2019s business strategy following the change\nin control.<\/p>\n<p>Summary of MAPI Mandatory Tender Offer<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/mapi-announces-plan-for-mandatory-tender-offer-at-rp1-550-per-share-what-is-the-premium-percentage-1778464351",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}