Indika Energy Held Coal Marketing Rights of MTU
Jakarta - PT Indika Energy Tbk (INDY) received marketing rights Tambangjawa coal PT Multi Utama (MTU) for the production of Central Kalimantan.
So quoting a published disclosure BEI yesterday. Marketing rights acquired by PT Indika Indonesia Resources and Indika Capital Pte Ltd by signing a conditional share purchase agreement and the distribution agreement on February 15, 2012.
Takeover deal was about 85% equity and marketing rights to the coal in the MTU value indication of approximately U.S. $ 132 million. MTU has a coal mining operations located in Central Kalimantan.
Implementation of the purchase of stocks and coal marketing rights MTU will be effective after the requirements are met and the approval of the capital market authority and due diligence to MTU.

