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New Deal


Announced

Mineral Industri Indonesia to acquire a minority stake in PT Vale Indonesia from Vale Canada and Sumitomo Metal Mining for $160m.

Financials

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Transaction Value£126m
Consideration TypeCash
Capital Owned20%
Capital Bid For14%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Indonesia

Nonferrous Metals

nickel mining

nickel exploration

Public

Pending

Single Bidder

Acquisition

Minority

Cross Border

Friendly

Synopsis

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Mineral Industri Indonesia, the state mining holding company, agreed to acquire a minority stake in Vale Indonesia, a foreign investment company, from minerals company Vale Canada and Sumitomo Metal Mining for $160m. “This agreement signals the commitment made by Vale Base Metals to PT Vale, the Indonesian people and to our stakeholders to unlock value from our assets," Mark Cutifani, Vale Base Metals Chair.

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