JAKARTA -- Indonesian e-commerce platform Blibli.com, a subsidiary of local conglomerate Djarum Group, has signed an agreement to acquire a majority stake in grocery store chain Supra Boga Lestari (SBL).
In a statement on Thursday, Blibli said it will buy around 797.88 million shares, representing at least 51% of the total issued and paid-up capital of SBL, from existing shareholders. It did not disclose the deal value.
