First Pacific Co (HK:0142) has released an update.
First Pacific Co has announced a major transaction involving the acquisition of approximately 24.5% equity interest in PT Jasamarga Transjawa Tol, with the First Pacific Investor Group purchasing shares for a total consideration equivalent to approximately US$673.2 million. The deal also includes provisions for potential adjustments and an earn-out payment, and upon closing, it will trigger a shareholders’ agreement regarding the governance of the target company.
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