Iron Mountain Hong Kong Limited made a mandatory tender offer with a maximum of 57.15 million shares or representing 7.54% of PT Multifiling Mitra Indonesia Tbk (MFMI) shares.

The company's brief prospectus published on Thursday (5/7), the price offered by Iron Mountain to buy public shares in this mandatory tender offer is Rp689 per share.

Meanwhile, the price paid per share in the takeover is Rp272 per share.

Iron Mountain took over the shares from the shareholders, namely 499.919 million shares or 65.99% owned by PT Surya Cipta Investama, 200,504 million shares or 26.47% of the total paid-up issued shares owned by PT Multipolar Tbk, and 1,000 shares owned by PT Investment Light. Meanwhile, the total reached 700.42 million shares or 92.46%.

The company completed the share sale and purchase transaction on May 4, 2021, with a total takeover value of Rp190.51 billion.

The share acquisition aims to expand the business network and s