Release: Delta Dunia - Northstar Tambang Persada announcement
Monday, December 27 2010 - 12:50 AM WIB
China Investment Corporation (?CIC?) has joined the investor consortium previously consisting of affiliates/nominated investment vehicles of TPG Capital (?TPG?) and Government of Singapore Investment Corporation Pte Ltd (?GIC?) and has also completed a purchase of a non‐voting interest in NTP (the ?Transaction?).
Following this Transaction, the shareholders of NTP now consists of Northstar Equity Partners, TPG, GIC and CIC. Northstar Equity Partners continues to retain voting rights and a controlling interest in NTP.
China Investment Corporation is an investment institution established in 2007 as a wholly state‐owned company under the Company Law of the People?s Republic of China. (end of edited release)
Editor?s note:
In November 2009, Delta Dunia Makmur bought the entire shares of mining contractor PT Bukit Makmur Mandiri Utama (BUMA) for US$550 million.
