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New Deal


Announced

Completed

PLN completed the acquisition of MCTN from Chevron.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Conventional Electricity

Single Bidder

Private

Indonesia

Acquisition

Friendly

Majority

Domestic

electricity distributor

Completed

Synopsis

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Perusahaan Listrik Negara, an Indonesian government-owned corporation which has a monopoly on electricity distribution in Indonesia, completed the acquisition of Mandau Cipta Tenaga Nusantara, an electricity distributor, from Chevron, an integrated energy company with operations in countries located around the world. Financial terms were not disclosed. "We would like to thank Chevron Standard for the good cooperation and for the good electricity in the Rokan Work Area as long as it is managed by Chevron Pacific Indonesia," Zulkifli Zaini, PLN President Director.

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