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Announced

Completed

PT Indonesia Asahan Aluminium completed the acquisition of a 20% stake in PT Vale Indonesia for $278m.

Financials

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Transaction Value£343m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales2.4x
EV/EBITDA8x
Share Price Premium-
One Off Charge-

Tags

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Indonesia

Private

Friendly

Majority

Nonferrous Metals

nickel mining

Acquisition

Single Bidder

nickel exploration

Completed

Cross Border

Synopsis

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PT Indonesia Asahan Aluminium, an aluminium smelting company, completed the acquisition of a 20% stake in PT Vale Indonesia, a nickel producer, from Vale Canada, Vale’s nickel mining and metals division, for $278m. The transaction satisfies PT Vale's divestment obligation under the contract of work with the government of Indonesia, which is one of the requirements PT Vale needs to fulfil in order to extend its operation beyond 2025.

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