Jakarta, ThedailyID — PT AKR Corporindo Tbk (AKRA) has taken full ownership of PT Aneka Petroindo Raya (APR), the company operating BP-branded fuel stations across Indonesia.
Despite the ownership change, BP branding and fuel station operations will continue as usual under a licensing agreement.
In a written statement dated November 9, 2026, APR management confirmed that the acquisition would not affect the use of the BP brand or its internationally recognized operating standards.
“The change does not affect the use of the BP brand or the implementation of BP’s internationally applicable standards,” the company said.
APR also pledged to maintain fuel quality and customer service in line with BP’s international standards. Furthermore, its fuel station business will continue operating under the existing brand licensing agreement.
AKR completed the acquisition through two subsidiaries, PT Anugerah Krida Retailindo (AKRIDA) and PT Andahanesa Abadi (ADH).
The subsidiaries purchased BP Global Investments Limited’s remaining 49.9% stake in APR. The agreement was signed on Friday, November 6, for US$14,221,500, equivalent to approximately Rp223 billion.
According to an Indonesia Stock Exchange disclosure, the transaction involved 11,444,565 APR shares owned by BP.
AKR Corporate Secretary Arum P Handayani said the acquisition formed part of BP’s divestment agreement. The move also aligns with BP’s strategy to simplify its business portfolio.
Before the transaction, AKRIDA held 50.1% of APR, while BP owned the remaining 49.9%. Following completion, AKRIDA’s ownership increased to 22,934,999 shares, representing 99.99% of APR’s capital. ADH holds the remaining single share.
“As a result of the transaction, the company’s group ownership in APR will increase from 50.1% to 100%,” Arum said.
AKR management stated that the acquisition would not have a material negative impact on the company’s operations, legal position, financial condition, or business continuity.
The company also said the transaction did not qualify as a material transaction under Financial Services Authority Regulation No. 17/POJK.04/2020 or an affiliated transaction under Regulation No. 42/POJK.04/2020.
