AKR subsidiaries buy BP's 49.9% stake in Indonesian fuel retailer
The US$14,221,500 transaction will bring AKR's ownership of PT Aneka Petroindo Raya to 100% once completed.
Two subsidiaries of PT AKR Corporindo Tbk are buying BP Global Investments Limited's 49.9% interest in PT Aneka Petroindo Raya (APR) for US$14,221,500, according to a company disclosure cited on 9 November 2026.
The buyers, PT Anugerah Krida Retailindo and PT Andahanesa Abadi, are each 99.99%-owned by AKR. They are jointly acquiring 11,444,565 APR shares under a share purchase agreement signed by the parties, AKR president director Haryanto Adikoesoemo said in the disclosure to the Indonesia Stock Exchange.
APR operates the BP-AKR Fuels Retail petrol station network in Indonesia. Completion of the purchase will take the AKR group's stake from 50.1% to 100%. The company said the deal implements BP's agreement to divest its interest as part of simplifying its portfolio.
AKR said it did not expect any material adverse effect on its operations, legal position, finances or business continuity. It also classified the purchase as a material transaction under Financial Services Authority rules.
