Darma Henwa to complete acquisition of port in 2015
Tuesday, December 30 2014 - 02:29 AM WIB
IDX-listed integrated mining and energy services provider PT Darma Henwa Tbk expects to complete the acquisition of a port operator in East Kalimantan in the first semester of 2015, Investor Daily reported on Tuesday.
The paper quoted Corporate Secretary Mukson Rosidi as saying that the company was still in the process of finalizing the draft of the acquisition agreement.
The company said it August it was hoping to conclude the acquisition in 2014. The planned acquisition was expected to help further strengthen the company?s integrated mining services particularly for miners in East Kalimantan province.
Dharma Henwa, which is a subsidiary of IDX-listed coal giant PT Bumi Resources Tbk, has allocated US$40-41 million for capital expenditure next year, part of which to be financed via loans. (*)