JAKARTA – Batam based PT Elnusa Fabrikasi Konstruksi (EFK) recently announced a merger with PT Elnusa Patra Ritel (EPR) in Jakarta. In this corporate action, both companies are subsidiaries of PT Elnusa Tbk (ELSA). According to the announcement on IDX, EPR merged into EFK on July 13, 2018.
As quoted from Kontan, the purpose of this merger is to increase the capability and boost growth from fabrication and construction business as well as widen EFK’s access of funding. Besides that, this merger is expected to optimize Elnusa Group’s asset. (LM)