PT Samudera Terminal Indonesia signed an agreement to acquire 99.99% stake in PT Prima Nur Panurjwan from PT Samudera Indonesia Tbk (JKSE:SMDR) for approximately IDR 250 billion on May 2, 2016. Under the terms, PT Samudera Terminal Indonesia will acquire 0.16 million Series A shares and 0.18 million Series B shares and will pay IDR 156.4 billion for Series A shares and IDR 89.2 billion for Series B shares through the issuance of 0.24 million new shares. In related deals, PT Samudera Terminal Indonesia also agreed to acquire 99.99% stake in PT Perusahaan Bongkar Muat Tangguh Samudera Jaya and 93.33% stake in PT Pelabuhan Samudera Palaran from PT Samudera Indonesia Tbk on May 2, 2016. Prima Nur had total assets of IDR 379.3 billion and total equity of IDR 240.6 billion for the year ended December 31, 2015. KAP Osman Bing Satrio & Eny acted as accountant for PT Samudera Indonesia and Prima Nur. KAP Hendrawinata, Eddy Siddharta & Tanzil acted as accountant for Samudera Terminal. Ivan Almaida Baely & Firmansyah Law Firm acted as legal advisor while KJPP Desmar Dan Rekan acted as public appraiser in the transaction.