31 May 2012
PT Indika Energy Tbk. announced today that wholly-owned subsidiary of the company, PT Indika Indonesia Resources and Indika Capital Investment Pte. Ltd., together with a co venturer, have completed the acquisition of the shares of PT Multi Tambangjaya Utama (MTU) and associated coal distribution rights for US$136 million plus the assumption of bank loans to MTU of US$69 million and other MTU indebtedness. Indika Energy now owns indirectly 85% of MTU.
30 Mar 2012
PT Indika Energy Tbk. Indonesia’s leading integrated energy company, reported its audited financial statement for the period ended 31 December 2011, which includes 9-month contribution from its 51% integrated coal logistic company, PT Mitrabahtera Segara Sejati Tbk., which acquired in April 2011.
19 Mar 2012
PT Kideco Jaya Agung, PT Indika Energy Tbk. 46% subsidiary, shareholders today has approved the 2011 Audited Financial Report and dividend declaration during company’s Annual General Shareholders Meeting.
17 Feb 2012
PT Indika Energy Tbk. announces that wholly-owned subsidiaries of the company, PT Indika Indonesia Resources and Indika Capital Pte. Ltd. have signed conditional sale and purchase agreements (CSPA) to acquire, together with a co-venturer, 100% of PT Multi Tambangjaya Utama (“MTU”) as well as its coal distribution rights for a combined indicative purchase price of approximately US$155 million, excluding outstanding debt. Upon closing, IIR and IC will hold a majority stake of 85% in this venture.
6 Feb 2012
PT Indika Energy Tbk. is pleased to announce that it has completed a placement of 25% (or 28.75% assuming Over-allotment option is fully exercised) of its shares in PT Petrosea Tbk. raising approximately US$116 million.