Announced
Financials
Tags
Friendly
Thailand
Pending
Acquisition
Coal
Single Bidder
coal business
Private
Cross Border
Majority
Synopsis
Astrindo Nusantara, an Indonesian investment company focusing on energy infrastructure, agreed to acquire coal business from PTT, a Thai state-owned SET-listed oil and gas company, for $471m. The announcement came as global coal demand is set to match a record high reached nearly a decade ago. The deal, which includes coal concessions in Brunei Darussalam, Madagascar and three mines in Kalimantan, Indonesia, will have a "substantial" impact for the company.
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