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20240227_CUAN_Laporan Informasi dan Fakta Material_31581252_lamp1.pdf
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Press Release For Immediate Distribution
Petrindo Jaya Kreasi Completes Acquisition of Multi Tambangjaya Utama
Valued at Rp 3.2 Trillion (US$ 203 million)
Jakarta, 28 February 2024 - PT Petrindo Jaya Kreasi Tbk. ("Petrindo") finalized the acquisition process
of PT Multi Tambangjaya Utama ("MUTU") from PT Indika Indonesia Resources ("IIR") and Indika
Capital Investments Pte. Ltd. ("ICI") on February 26, 2024. Both are subsidiaries of PT Indika Energy
Tbk. (IDX: INDY).
With this acquisition, Petrindo has obtained 2,263,030,000 shares, representing 100% of the total
issued shares in MUTU, valued at US$ 203 million or approximately Rp 3.2 trillion based on the
JISDOR exchange rate as of February 23, 2024. Additionally, the parties will soon finalize the transfer
of marketing rights owned by ICI, valued at US$ 15 million, bringing the total value of the acquisition
to US$ 218 million.
Michael, Petrindo's President Director, stated, "The completion of this acquisition marks a significant
step for us in ensuring the company's growth. It aligns with our long-term strategy focusing on
enhancing operational performance, supply chain integration, and expanding our business portfolio."
MUTU is a thermal coal and bituminous metallurgical coal mining company located in Central
Kalimantan, with a Generation 3 Coal Contract of Work (PKP2B) covering a vast concession area of
24,970 hectares. Since commencing production in 2016, MUTU has demonstrated remarkable
growth and achieved its highest profit in 2022.
"Petrindo's strong commitment to continuous growth and development as an integrated mining
company has been realized through a series of acquisitions and consistent business expansion
efforts. We express our gratitude to all stakeholders for their trust and support. Our determination is
to keep growing and delivering added value to all stakeholders," said Michael.
This acquisition further solidifies Petrindo's position as a producer of high-quality thermal coal with
the majority of its operational locations in Central Kalimantan.
***
About Petrindo Jaya Kreasi
PT Petrindo Jaya Kreasi Tbk. is a parent company affiliated with PT Barito Pacific Tbk. As a parent
company, Petrindo operates coal mining businesses supported by various subsidiaries spread across
Kalimantan. Through one of its subsidiaries, PT Tamtama Perkasa, the Company has been producing
high-quality thermal coal since 2013. With the vision of becoming an integrated energy and mineral
mining company in Indonesia through the creation of sustainable value, the Company is committed
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to optimizing an integrated supply chain from production processes to product delivery. For more information, please visit: www.petrindo.co.id.
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PT Multi Tambangjaya Utama
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PT Indika Indonesia Resources
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Indika Capital Investments Pte. Ltd.
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PT Tamtama Perkasa
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