Insight

Indika doubles stake in Kideco for US$678 million

06 October 2017

Get this report

$1,100

You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

First name
Last name
Job Title
Company
Email
Telephone

Region

Message

Consent

Please keep me informed by email about Wood Mackenzie products, services and events.

For details on how your data is used and stored, see our Privacy Notice.

- Available as part of a subscription
- FAQ's about online orders

06 October 2017

Indika doubles stake in Kideco for US$678 million

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.

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

Tables and charts

This report includes 8 images and tables including:

Key facts
Economic assumptions
Map of Kideco operations

Pro-forma production profile (thermal coal), attr.
Pro-forma production profile (by coal type and market), attr.
Indika doubles stake in Kideco for US$678 million: Table 3
Deal summary
Deal implied long-term benchmark thermal coal export coal prices vs. Newcastle export thermal coal spot price