JAKARTA – PT Adira Dinamika Multi Finance Tbk (ADMF) or Adira Finance acquires 10% of series A shares of PT Home Credit Indonesia (HCID) for IDR 363 billion or equivalent to EUR 23.5 million.
Andreas Kurniawan, Head of Corporate Secretary Regulatory of Adira Finance, claims that the Shares Sale and Purchase Agreement has just been signed by ADMF and Home Credit Indonesia BV earlier today (24/11). “The company will acquire series A shares in HCID, amounting to 10% of its issued and paid-up capital after the prerequisites are fulfilled,” he adds in the information disclosure today (24/11).
The finalisation of HCID acquisition will further enrich Adira Finance’s portfolio in the consumer financing segment in Indonesia. Now, after securing its position in automotive financing, it enters the household equipment financing segment.
As of September 2022, Adira Finance had collected revenue from consumer financing of IDR 4.03 trillion. The Greater Jakarta Area dominated the revenue, bringing in IDR 1.18 trillion, followed by Sumatra of IDR 877.59 billion, Sulawesi of IDR 573.20 billion, West Java of IDR 451.20 billion, Central Java of IDR 365.40 billion, East Java of IDR 356.11 billion, and Bali-Nusa Tenggara of IDR 206.09 billion. (LK/ZH)