Blibli From The Hartono Brothers' Djarum Group To Acquire Ranch Market On October 25, 2021
Gerai Ranch Market. (Photo: Instagram @ ranchmarket99id)

JAKARTA - PT Global Digital Niaga, the Blibli.com e-commerce manager, announced that the annexation transaction of PT Supra Boga Lestari Tbk (RANC) will be completed in no later than 40 days.

In an announcement published by Blibli, quoted on Friday, September 17, the e-commerce from the Djarum Group owned by the Hartono Brothers conglomerate will complete the transaction no later than 40 days after the agreement is signed. The Company has signed a Share Purchase Commitment Agreement (PPPS) on September 15, 2021.

Thus, the parent of Blibli.com will complete the transaction on October 25, 2021. The company plans to take over the majority of shares from seven parties.

They are PT Wijaya Sumber Sejahter, PT Prima Rasa Inti, and PT Gunaprima Karyaperkasa. Blibli plans to acquire approximately 797.9 million shares of RANC which represents 51 percent of the total issued and fully paid capital.

In addition, the Djarum Group business unit will also carry out a tender offer for the remaining shares in RANC which must be carried out in accordance with the provisions of POJK 9/2018.

Currently, PT Wijaya Sumber Sejahtera controls 26.88 percent of RANC's shares. Meanwhile, PT Prima Rasa Inti, which is controlled by Hendra Arifin, the founder of Hoka Hoka Bento, holds 18.72 percent.

The transaction value of 51 percent of RANC's shares is estimated at IDR 1.76 trillion. This assumption uses RANC's stock price benchmark on Thursday, September 16, which closed at IDR 2.200 per share.


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