Adaro Energy Signs Three-Year Option Agreement to Lend Funding and Acquire Controlling Interest in Coal Miner PT Bhakti Energi Persada

May 30, 2012, 10:48 am | Admin

PT Adaro Energy Tbk (“company”) (IDX : ADRO) is delighted to announce that on May 28th, 2012 in Jakarta, it entered into an option to provide a convertible loan for a period of three years (referred to below as Option One), to acquire a controlling interest in coal miner PT Bhakti Energi Persada (“BEP”) and an option, to acquire the majority shares from the controlling shareholders of BEP (referred to below as Option Two, and, together with Option Oneare referred to as Options or Option Agreements). Adaro Energy will have full control of the management, operations, and all the funding of BEP from the date of the signing of the Options.

General Media:
For further information, please contact:
Devindra Ratzarwin
Corporate Secretary
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: corsec@ptadaro.com

Financial Media:
For further information, please contact:
Mr. Cameron Tough
Head of Investor Relations
Tel: (6221) 521 1265
Fax: (6221) 5794 4685
Email: cameron.tough@ptadaro.com

Last modified on January 30, 2017, 10:50 am | 1869