Boy Thohir's Listed Company Plans to Divest Coal Mine in Australia - Indo Premier Sekuritas

Jakarta - PT Adaro Andalan Indonesia Tbk, through its subsidiary Adaro Capital Limited (ACL), plans to divest 720.38 million shares, or approximately 47.99%, of Kestrel Coal Group Pty Ltd, a coal mine in Australia. The transaction includes an upfront cash consideration of US$1.85 billion, or about Rp31.7 trillion (assuming an exchange rate of Rp17,168), followed by contingent cash considerations of up to US$550 million, or approximately Rp9.44 trillion, payable annually over a five-year period starting from the transaction closing date.

“Upfront cash consideration of US$1,850 million to be paid on the transaction closing date, subject to adjustments based on the terms and conditions in the SPA; and contingent cash consideration of a maximum total of up to US$550 million to be paid annually over a five-year period from the transaction closing date,” wrote Company Secretary Ray Aryaputra, as quoted from the Disclosure of Information on Wednesday (15/4/2026).

This step is taken to support the implementation of the company’s business and investment strategy. The company also assures that this corporate action will not have a material impact on operations, legal matters, or finances.

“The purpose of the planned transaction is to support the implementation of the company’s business and investment strategy,” he added.

For information, this issuer owned by Garibaldi Thohir, alias Boy Thohir, acquired the Kestrel coal mine in 2018. At that time, the acquisition was made to increase coal production outside Indonesia.