PT Sigmantara Alfindo plans to sell 20% shares in PT Alfa Retailindo Tbk with minimum share price IDR2,200.
Alfa Retailindo change the name of Alfa Supermarket to Carrefour and Carrefour Express following the acquisition of a 75% stake in Alfa by PT Carrefour Indonesia in early 2008.
On 2008, Carrefour has signed the acquisition transaction of 75% shares of Alfa with its main shareholders - PT Sigmantara Alfindo and Prime Horizon Pte Ltd.
Sigmantara has sold 35% of its 55% stakes at Alfa Retalindo and Prime Horizon has sold all 40% stakes. Of the total 468 million shares, the transaction was on 351 million shares. The price is IDR1,921 per share.
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