Fitch Ratings has affirmed Indonesia-based Indika Energy Tbk’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) at ‘B+’ with a Stable Outlook. Indika’s USD250m notes due 2012 and USD230m notes due 2016 have also been affirmed at senior unsecured ‘B+’ with Recovery Ratings of ‘RR4’.
Read morePT Indika Energy Tbk. announced today that it executed its option to acquire a majority 51% stake of Pt Mitrabahtera Segara Sejati, an integrated coal transport and logistics services from the Prasatya Family, pursuant to the Option Agreement dated November 29, 2010.
Read morePT Kideco Jaya Agung, PT Indika Energy Tbk. 46% subsidiary, shareholders today has approved the 2010 Audited Financial Report and dividends declaration during the company’s Annual General Shareholders Meeting.
Read morePT Indika Energy Tbk. announced today that its wholly owned subsidiary Indo Integrated Energy B.V. has commenced consent solicitation relating to all its outstanding Senior Notes Due 2012.
Read morePT Indika Energy Tbk. announced today that it has entered into an Option Agreement to acquire a majority 51% stake of PT Mitrabahtera Segara Sejati (“MBSS”), an integrated coal transport & logistics services company from Prasatya Family.
Read morePT Indika Energy Tbk. announced today that it has been informed by its controlling shareholder, PT Indika Mitra Energi has divested 520,714,000m shares, or 10% stake Indika Energy at Rp 3,675 per share to selected institutional investors through private placement transaction on 11th November 2010.
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