PT Matahari Putra Prima Tbk (IDX: MPPA), a multi-format modern retailer which operates Hypermart, Smartclub, Foodmart, Boston and FMX, announced that its Board of Directors has authorized an additional share purchase option of MatahariMall.com for Rp12,065 per share in all cash transaction valued at Rp99.8 billion. Based on the new deal, the company’s total shares have raised to 15,728,152 or equals to 10 percent. With the acquisition, Matahari hopes to benefit from wider access to e-commerce as its development will remain strong this year. The investment and partnership with MatahariMall.com is a new opportunity to foster O2O e-commerce components that encourage the sale contribution in the future.
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