PT. AKR Corporindo, Tbk
JAKARTA, September 29th' 2020 – PT AKR Corporindo Tbk (IDX ticker code: AKRA.IJ) announced that its JV Company, PT. Aneka Petroindo Raya (APR), Partnership between AKR & BP, has signed an agreement on Sep 26, 2020 to appoint Citinine Property Development as Dealer for building and operating BP-AKR Retail outlet in Gresik, East Java, as part of Citinine Grand Plaza project.
The signing of this agreement commences the second phase of APR expansion in Indonesia. This second phase envisages opening of Dealer owned and operated BP-AKR retail outlets, to accelerate the growth process. In the first phase, from early 2019 till to date, APR has opened 15 Company owned outlets, with 11 operating in Jabodetabek and 4 in Surabaya.
Speaking on the Dealership agreement signing ceremony, Dealer Development Manager of APR Mr. Benny Octaviano stated that this agreement represents long-term cooperation between APR and Citinine. This was reiterated by Citinine Director of Development and Service Mr. Dicky Reyhan. The two organizations are working together to open several such outlets in Gresik and East Java. Surveys of several locations have been conducted to select suitable sites.
The first Dealer Owned petrol station that will be developed is located on Jalan Tri Dharma, part of the Citinine Grand Plaza Gresik project. Grand Plaza Gresik is one of the largest shopping centers in Gresik, it is being developed into a lifestyle mall with hangout spots, cafes and entertainment facilities.
Signing Agreement between Citinine Property Development and BP AKR
for Building Dealer Owned Petrol Station in East Java