Jakarta, 14 December 2022 - PT GoTo Gojek Tokopedia Tbk (“GoTo”), Indonesia's largest digital ecosystem, today announced that it has completed a sale of shares in PT Sumber Alfaria Trijaya Tbk (“Alfamart”) at a total value of Rp1.5 trillion.
Jacky Lo, GoTo Group CFO, said: “Alfamart has performed strongly, providing us with an opportunity to realize a significant gain on our minority investment. This divestment is consistent with our long term focus on our core business as communicated previously, including in our Q3 earnings update in November 2022.
“We have been working with Alfamart’s outstanding management team for a number of years as we collaborate to make life more convenient for consumers while improving access to financial services for all Indonesians. Alfamart is a leading retailer in Indonesia, with whom we have always shared a common vision and we look forward to continuing this strong relationship over the years ahead.”
The transaction is not an affiliate or material transaction as defined by the applicable regulations.
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About GoTo Group
PT GoTo Gojek Tokopedia Tbk (GoTo Group) is the largest digital ecosystem in Indonesia. GoTo's mission is to “empower progress” by offering technology infrastructure and solutions that help everyone to access and thrive in the digital economy. The GoTo ecosystem consists of on-demand services (mobility, food delivery, and logistics), e-commerce (third party marketplaces + official stores, instant commerce, interactive commerce, and rural commerce), and financial technology (payments, financial services, and technology solutions for merchants) through the Gojek, Tokopedia, and GoTo Financial platforms.
Contacts
Corporate Affairs, GoTo
