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Indika doubles stake in Kideco for US$678 million
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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.
Table of contents
- Deal Summary
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Deal Analysis
- Valuation summary
- Asset summary
- Strategic rationale, upside and key risks
Tables and charts
This report includes the following images and tables:
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Key factsEconomic assumptionsMap of Kideco operations
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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 3Deal summaryDeal implied long-term benchmark thermal coal export coal prices vs. Newcastle export thermal coal spot price
What's included
This report contains:
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