PT Rukun Raharja Tbk (IDX:RAJA) acquired PT. DSME CEPU ENR from Daewoo Shipbuilding & Marine Engineering Co., Ltd. (KOSE:A042660) for $58.9 million on September 28, 2018. Jae Won Hong of Ernst & Young, Korea, Financial Advisory Arm acted as financial advisor for Daewoo Shipbuilding & Marine Engineering.

PT Rukun Raharja Tbk (IDX:RAJA) completed the acquisition of PT. DSME CEPU ENR from Daewoo Shipbuilding & Marine Engineering Co., Ltd. (KOSE:A042660) on September 28, 2018.