16 Dec 2021 20:04 (1 tahun 5 bulan lalu) -
JAKARTA. PT Adaro Energy Tbk (ADRO) has purchased 145.6 million shares of PT Citra Mineral Investindo Tbk (CITA), a bauxite and metal refinery, for IDR 358.76 billion. CITA’s stock trading was initiated through one of ADRO’s subsidiaries, PT Alam Tri Abadi (ATA). After concluding the transaction, ADRO, through ATA, now acquires 3.7% of CITA’s shares. “The company opts for investing in CITA because the company believed that Metallurgical Grade Bauxite and Smelter Grade Alumina industries are businesses that promise prospects in the long-term,” Mahardika Putranto, Corporate Secretary of ADRO, explained in the information disclosure in Indones ...