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Indika doubles stake in Kideco for US$678 million

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Report summary

Indika Energy has announced an agreement with Samtan and Muji Inti Utama to acquire a combined 45% interest in Kideco Jaya Agung for US$678 million. The proposed acquisition would double Indika's output and propel it to become Indonesia's third largest coal producer with over 32 million tonnes coal production in 2018. Samtan's divestment of 40% ownership will leave it with a 9% equity holding in Kideco, although it will continue to be engaged in mining services via Samindo Resources.

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    Indika doubles stake in Kideco for US$678 million.xls

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Table of contents

  • Deal Summary
    • Valuation summary
  • Asset summary
  • Strategic rationale, upside and key risks

Tables and charts

This report includes 8 images and tables including:

Tables

  • Key facts
  • Economic assumptions
  • Indika doubles stake in Kideco for US$678 million: Table 3
  • Deal summary

Images

  • Map of Kideco operations
  • Pro-forma production profile (thermal coal), attr.
  • Pro-forma production profile (by coal type and market), attr.
  • Deal implied long-term benchmark thermal coal export coal prices vs. Newcastle export thermal coal spot price

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