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AKRA's Subsidiaries Divested the Company's Coal Business

27 March 2018

JAKARTA, 27 Mar 2018 – PT AKR Corporindo Tbk ("AKRA") reported that the Company's subsidiaries, PT. Anugrah Karya Raya ("Anugrah") and PT. Business Era Pratama Nusantara ("UEPN") as the shareholders of PT. Bumi Karunia Pertiwi ("BKP"), have signed shareholder resolution regarding to the divestment of BKP. In the written agreement, Anugrah transferred all of its 2,499,999 shares to PT. Harum Energy, Tbk. and UEPN transferred all of its share (1 share) to PT Sentral Batubara Jawa. All parties have agreed for the transfer value of Rp 31.5 billion for the entire equity of BKP.

 

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