MAPI Acquisition by Pacific Universal Investments Officially Completed

PT Mitra Adiperkasa Tbk (MAPI) officially announced a change in its controlling shareholder structure after Pacific Universal Investments Pte. Ltd. completed the acquisition of a 51% stake on 8 May 2026 (08/05).

The Singapore-based company acquired 8.46 billion shares, which were previously held by PT Satya Mulia Gema Gemilang, representing 51% of the company’s issued and fully paid capital. With this transaction, control of the listed retail company has officially shifted to Pacific Universal Investments Pte. Ltd.

Transaction Value Reaches Rp11.81 Trillion

The acquisition was executed at a price of Rp1,395 per share, resulting in a total transaction value of Rp11.81 trillion.

This deal positions the transaction as one of the largest corporate actions in Indonesia’s retail sector in 2026, based on its total value and scale.

Mandatory Tender Offer Set at Rp1,550 per Share

Following the acquisition, Pacific Universal Investments is required to conduct a Mandatory Tender Offer (MTO) in accordance with capital market regulations.

The MTO price has been set at Rp1,550 per share, higher than the initial acquisition price of Rp1,395 per share, offering potential value for public shareholders who choose to participate.

The tender offer process will involve collaboration with CVC Capital Partners plc, with execution carried out through Samudra (Investment) Pte. Ltd. and Ocean Continuum Pte. Ltd., entities partially owned by Pacific Universal and CVC-managed funds.

Company States No Operational Impact and Expansion Plan

Corporate Secretary of MAPI, Eva Andrianie, stated that the change in ownership does not negatively affect the company’s operations.

“The material information or facts do not have a negative impact on the company’s operational activities, financial condition, or business continuity,” she said.

Pacific Universal Investments Director Sean Gustav Standish Hughes explained that the acquisition aims to develop MAPI’s business in Indonesia and Southeast Asia.

“The purpose of the takeover is to develop the MAPI Group’s business in Indonesia and the Southeast Asia region,” he stated.

According to investor commentary cited in the report, the entry of a Singapore-based investor is viewed as potentially supporting broader regional expansion and business development, depending on future management strategy.

PHOTO: MEDIA ASURANSI NEWS

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