PT. Ratu Prabu Energi, Tbk (JKSE:ARTI) signed a non binding agreement to acquire 75% stake in PT Odira Energi Karang Agung from PT Odira Energi Persada for $61 million on May 25, 2015. PT. Ratu Prabu Energi, Tbk will start due diligence and the acquisition is expected to complete after a maximum of 3 month. PT. Ratu Prabu Energi, Tbk (JKSE:ARTI) cancelled the acquisition of 75% stake in PT Odira Energi Karang Agung from PT Odira Energi Persada on May 25, 2016.