PT Lippo Karawaci Tbk (IDX:LPKR) acquired an additional stake in PT Siloam International Hospitals Tbk (IDX:SILO) effective April 16, 2020. In a related transactions, PT Lippo Karawaci Tbk (IDX:LPKR) acquired an additional stake in PT Siloam International Hospitals Tbk (IDX:SILO) and acquired 80 million shares of Lippo Cikarang at IDR 600 per share. Through the transactions, Lippo Karawaci acquired a total of 70 million shares at an average price of IDR 5,779 for a combined consideration of IDR 404.53 billion.

Following the transactions, Lippo Karawaci stake in Siloam will increase by 4.3% to 55.4% ownership. The transactions were financed with excess cash received from the divestment of First REIT.