PALMOILMAGAZINE, JAKARTA – PT Teladan Prima Agro Tbk. (TLDN) has clarified that its ongoing acquisition process involving a palm oil sector entity remains in the stage of a conditional sale and purchase agreement.
The update was delivered by Wasisto B. Sulistio, Head of Corporate Finance and Strategy at TLDN, during the company’s Annual General Meeting of Shareholders press conference, attended by Palmoilmagazine.com on Thursday (April 24, 2025) in Jakarta.
Wasisto stated that proceeds from the company’s IPO would only be used for the acquisition once all conditions stipulated in the agreement are fulfilled.
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“We have signed a conditional sale and purchase agreement. The transaction will be finalized once all terms are met. The use of IPO funds for the acquisition will follow after the completion stage,” he said.
Acquisition is one of five key pillars in TLDN’s growth strategy. The company is focused on expanding its plantation footprint through the acquisition of high-potential palm oil assets that will contribute to long-term operational and financial growth.
“This marks the initial phase of our sustainable growth strategy. We will continue to pursue opportunities that increase our productive landbank and strengthen our operational base,” he added.
Addressing concerns over international trade dynamics—particularly the potential impact of U.S. import tariffs on Indonesian palm oil exports—Wasisto emphasized that TLDN currently does not engage in direct exports. All of its products are sold in the domestic market, making the company largely immune to external tariff policies such as those imposed by the United States.
“We do not currently export any products, so the U.S. tariff policy has no direct impact on our operations. That said, any broader disruption to Indonesian exports could place pressure on the national economy,” he explained.
Despite global market uncertainties, TLDN remains confident in the future of Indonesia’s palm oil industry, bolstered by strong government support—particularly through the national biodiesel program.
“The government has shown clear commitment to supporting this industry. We’re optimistic about our growth prospects amid global challenges,” Wasisto concluded. (P2)
