Pacific Universal Acquires 51% Stake in MAPI for Rp11.81 Trillion, Launches Mandatory Tender Offer
PT Mitra Adiperkasa Tbk (MAPI) has officially gained a new controlling shareholder after Singapore-based Pacific Universal Investment Pte.Ltd. (PUI) completed the acquisition of the company's majority stake. The massive transaction has attracted strong market attention due to its total value of Rp 11.81 million.
According to the company's disclosure released on Friday, May 8, 2026, Pacific Universal acquired 8.466 billion shares were purchased from PT Satya Mulia Gema Gemilang at a price of Rp1,395 per share.
MAPI Corporate Secretary Eva Andrianie confirmed that the acquisition process has been completed, making Pacific Universal the new controlling shareholder of Indonesia's leading lifestyle retail company.
The transaction value reached approxmately Rp11.81 trillion. Despite the change in ownership, the company stated that the corporate action would not negatively affect MAPI's operational activies, financial condition, or business continuity.
Pacific Universal Director Sean Gustav Standish Hughes explained that the acquisition aims to stengthen and expand MAPI Group's business operations in Indonesia and across Southeast Asia. The move is seen as part of a long-therm expansion strategy amid the growing potential of the premium retail industry in the region.
Interestingly, there is an affiliated relationship between Pacific Universal and MAPI. Sean also serves as a Director of MAPI, while Zoee Ho Ziwei holds positions as MAPI Commisioner and Director of Pacific Universal.
As part of the acquitions process, Pacific Universal and CVC Capital Partners will appoint Samudra (investment) Pte.Ltd. (SIPL) and Ocean Continuum Pte. Ltd. (OCPL) to conduct a Mandatory Tender Offer (MTO) for public shareholders.
The mandatory tender offer price has been set at Rp1,550 per share. This price is higher than MAPI’s average highest daily trading price over the past 90 days, which stood at Rp1,274 per share. As a result, the offer represents a premium of around 22% for public investors.
This provides an attractive opportunity for shareholders to realize profits at a price above the previous market level. The positive sentiment was immediately reflected in MAPI’s stock performance on the Indonesia Stock Exchange.
At the close of trading on Friday (May 8, 2026), MAPI shares surged 12.38% to Rp 1,455 per share. Since the beginning of the year, the stock has gained nearly 25%.
The acquisition highlights strong foreign investor interest in Indonesia's retail sector, particularly companies with strong business networks and premium market positioning like MAPI. With fresh capital support and new anticipating MAPI's next phase of expansion and growth.