MAPI Changes Ownership, Pacific Universal Acquires 51% Stake Worth Rp11.81 Trillion
PT Mitra Adiperkasa Tbk (MAPI) has experienced a change in control following the acquisition of 51% of its shares by Pacific Universal Investments Pte. Ltd. The mandatory tender offer price has been set at Rp1,550 per share.
Bareksa - PT Mitra Adiperkasa Tbk (MAPI) has disclosed information regarding the change in control based on a report to the OJK and BEI dated 8 May 2026. This information is important for investors as it marks the entry of a new controlling entity in the retail and lifestyle sector issuer. This event is also followed by plans for a mandatory tender offer in accordance with applicable POJK provisions.
Pacific Universal Investments Pte. Ltd. has officially acquired 8.466 billion MAPI shares, equivalent to 51% ownership, from PT Satya Mulia Gema Gemilang. The transaction value is recorded at Rp11.81 trillion with a price of Rp1,395 per share. Through this transaction, the buyer becomes the new controlling entity of the company.
As a follow-up, the new controller, together with CVC Capital Partners, will appoint a special entity to carry out the mandatory tender offer to the public. The tender offer price has been set at Rp1,550 per share in accordance with capital market regulations. The company also states that this transaction has no negative impact on operations and business continuity.
New Ownership Structure and Mandatory Tender Offer
MAPI’s new controller has an ownership structure involving Pacific Universal Holdings Limited as well as collaboration with CVC Capital Partners. This structure forms an institutional investment scheme aimed at developing MAPI’s business in Indonesia and Southeast Asia. This change is of market interest as it may affect the company’s long-term strategic direction.
MAPI’s management emphasises that the change in control does not disrupt the company’s operational or financial condition. The mandatory tender offer will be conducted in accordance with applicable OJK regulations to protect public shareholders. The market will monitor the implementation process and investor participation levels in the tender offer.
Transaction Summary for MAPI
Source: MAPI, processed
Mandatory Tender Offer
MTO Price: Rp1,550 per share
Conducted in accordance with POJK No. 9/2018
Directed to public shareholders
Carried out through an entity appointed jointly with CVC
Impact of Information
No negative impact on operations
Does not disrupt business continuity
Becomes a focus regarding the new strategic direction
Conclusion
The change in control at MAPI marks the entry of global institutional investors through the acquisition of a majority stake. This process is followed by a mandatory tender offer in accordance with capital market regulations. Looking ahead, the market will monitor the implementation of the MTO and business development strategies under the new controller as key factors in investor perception.