According to OUE, Multipolar is a technology investment company with a portfolio that includes retail and e-commerce, consumer services, financial services, technology, multimedia and telecommunications sectors.
OUE has announced it has entered into a sale and purchase agreement on Dec 19 to acquire a 17.2% stake in Indonesia-listed Multipolar for IDR1,006 billion ($95.6 million).
OUE is acquiring the stake in Multipolar from Inti Anugerah Pratama (IAP), an Indonesian investment holding company that is 40% held by OUE’s executive chairman and group CEO Stephen Riady. The remaining 60% stake in IAP is held by his brother James Tjahaja Riady, who is also a controlling shareholder of OUE.
