PERTAMINA Indonesia's NOC will acquire Maurel & Prom's shares held by Pacifico a company fully owned by Maurel & Prom CEO Jean Francois Henin. As a result PERTAMINA will control 24.53% of the French exploration and production company. The selling price has been set at US$4.69 per share valuing the equity stake at US$218 million. The figure rises to US$342 million when incorporating a pro rata share of Maurel & Prom's debt and working capital. The Indonesian company will acquire a stake in Gabon's main producing asset Ezanga as well as access to Nigeria's upstream market through Maurel & Prom's 21.37% equity interest in SEPLAT. Maurel & Prom 's exploration acreage in Gabon Colombia and Myanmar also retains potential and will diversify PERTAMINA's portfolio away from its core business in Indonesia. Subject to a recommendation by the board of directors PERTAMINA intends to launch a voluntary tender offer and take full control of the Paris listed independent company.