[av_heading heading=’GMR enters into pact for Indonesian coal mining’ tag=’h3′ style=’blockquote modern-quote’ size=” subheading_active=’subheading_below’ subheading_size=’15’ padding=’1′ color=” custom_font=”][/av_heading]
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15 May 2017
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GMR Infrastructure today said it has entered into pacts for divesting stakes in its Indonesian coal mining entities. Two subsidiaries of the company — GMR Energy Netherlands BV and GMR Infrastructure Overseas Ltd — have entered into conditional share purchase agreement with PT Golden Energy Mines Tbk, Indonesia.
The pact is for selling 100 per cent stake, according to a regulatory filing. Besides, the company would sell “mandatorily convertible bonds in PT Dwikarya Sejati Utama, PT Duta Surana Internusa, PT Unsoco and PT Barasentosa Lestari,” the filing said.
Source – asianage
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