CUAN's Acquisition from INDY: Uncovering Multi Tambangjaya Utama

Reporter: Tedy Gumilar | Editor: Syamsul Azhar

KONTAN.CO.ID - JAKARTA. PT Petrindo Jaya Kreasi Tbk (CUAN) and PT Indika Energy Tbk (INDY) today (25/9/2023) broadcast important news. Both agreed to carry out a transaction to sell 100% of PT Multi Tambangjaya Utama's shares.

The value of the transaction of 2,263,030,000 shares of Multi Tambangjaya Utama reached US$ 218 million, or equivalent to IDR 3.35 trillion (Jisdor BI per 22 September 2023 IDR 15,383/USD). The Conditional Sale and Purchase Agreement has been signed by CUAN and two INDY subsidiaries; PT Indika Indonesia Resources and Indika Capital Investment Pte. Ltd. on 22 September 2022.