Transit-Mixed Concrete has, on May 17, exercised its put option to dispose of its entire stake amounting to 45% in the issued and paid-up capital of PT ATMC Pump Services for a consideration of 20.25 billion rupiah ($1.9 million).

The option, which was made according to the provisions of the existing shareholders agreement with PT Acset Indonusa, is subject to the execution of a sale and purchase agreement (SPA).

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