PT ATMC is a joint venture entity established on July 21, 2014 in Indonesia. It is primarily in the business of providing concrete pumping services in the country.
Transit-Mixed Concrete has, on May 17, exercised its put option to dispose of its entire stake amounting to 45% in the issued and paid-up capital of PT ATMC Pump Services for a consideration of 20.25 billion rupiah ($1.9 million).
The option, which was made according to the provisions of the existing shareholders agreement with PT Acset Indonusa, is subject to the execution of a sale and purchase agreement (SPA).
