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MARKET – Saratoga raises stakes in Aneka Gas Industri

JAKARTA ( – Investment company PT Saratoga Investama Sedaya Tbk (IDX:SRTG) has raised its stakes in a gas distribution company PT Aneka Gas Industry Tbk (IDX:AGII) to 7.60% from 6.92% previously.

Saratoga said in a statement that the company has purchased 20.77 million unit of shares of Aneka Gas Industri at price of Rp640 per share on Feb. 28, 2019 or equals to Rp13.29 billion.

The purpose of the transaction is for investment, said Sandi Rahaju, the Division Head for Law and Corporate Secretary of Saratoga.

Previous the transaction, Saratoga owns 212.325 million unit of shares in Aneka Gas or 6.92%. After the transaction, it holds 233.095 million units of shares or 7.6%.

As of end September, 2018, Saratoga is owned by PT Unitras Perdana with 32.62%, Edwin Soeryadjaja 31.04% and Sandiaga Uno 27.79%, and the remaining shares are held by the company’s directors and the public.

Per September 2018, Aneka Gas Industry is owned by PT Aneka Mega Energi with 37.79%, PT Samator 27.75%, while the remaining shares are held by directors and commissioners.

As of September 2018, the company booked revenues of Rp1.46 trillion compared to Rp1.33 trillion in the same period in previous year. Most part of the revenues were contributed by the gas sales, amounting to Rp1.33 trillion. This helped boost its net profit to Rp84.54 billion compared to Rp77.34 billion in previous year.

As for full year 2018, the company expects revenues to reach around Rp2 trillion with net profit is projected to reach Rp100 billion.

Aneka Gas was established in 1916. The company’ main businesses are to supply industrial gases, namely air gases (oxygen, nitrogen, and argon), synthetic gases, fuel gases, rare gases, sterilization gases, refrigerant gases and electronic gases. AGI also supplies mixed, specialty and medical gases along with complimentary equipment and installation offerings.

The East Java-based gas distributor Aneka Gas Industri listed its shares on the Indonesia Stock Exchange’s (IDX) trading board on Sept. 28, 2016, pocketing Rp 800 billion (US$61.87 million) in proceeds.

Written by Staff Writer

Edited by Roffie Kurniawan (email:

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