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Indonesia to Shell Out $700m for Inalum
Edited by : AL CIRCLE
1 min read
The government said on Tuesday that it would spend $700 million to buy the stake held by Nippon Asahan Aluminium in their joint venture Indonesia Asahan Aluminium.
The government will purchase NAA’s 58.9 percent stake in the firm known as Inalum before its working contract ends in 2013, Industry Minister M.S. Hidayat said on Tuesday. “Our valuation of NAA’s stake is around $700 million, and that’s what we’re going to pay to take it over,” Hidayat said.
The government will purchase NAA’s 58.9 percent stake in the firm known as Inalum before its working contract ends in 2013, Industry Minister M.S. Hidayat said on Tuesday. “Our valuation of NAA’s stake is around $700 million, and that’s what we’re going to pay to take it over,” Hidayat said.
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