Deal Type: Acquisition
Deal Sub Type: Minority Acquisition
Deal Status: Rumor
Deal Value: 98.4000 USD
Deal in Brief
Huawei Technologies Co., Ltd., a Chinese networking and telecommunications equipment and services company, is planning to acquire 9% stake in PT Bakrie Telecom Tbk, an Indonesian provider of wireless telephone services, for a consideration of approximatelyIDR1.23 trillion (USD98.4 million) from PT Wijaya Karya (Persero) Tbk, according to Dealstreetasia.
Wijaya Karya is an Indonesian manufacturer of building materials and construction services provider.
As part of the transaction, Huawei Technologies will acquire 9% stake in Bakrie Telecom (BTel) through a bond conversion.
Following the transaction, Huawei Technologies will hold 9% stake in Bakrie Telecom.
Index - Jakarta
Index - Building Construction Contractors
Index - Building Materials
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