PT Petrosea Tbk (IDX:PTRO) entered into share purchase agreement to acquire 95% stake in PT Kuala Pelabuhan Indonesia from PT Indika Logistics & Support Services for approximately IDR 120 billion on June 28, 2018. Under the terms, PT Petrosea Tbk (IDX:PTRO) will acquire 0.38 million shares of PT Kuala Pelabuhan Indonesia. The transaction has obtained approval from Badan Koordinasi Penanaman Modal. PT Petrosea Tbk (IDX:PTRO) completed the acquisition of 95% stake in PT Kuala Pelabuhan Indonesia from PT Indika Logistics & Support Services on June 28, 2018.