Vallar completes Berau Coal Energy tender offer
Wednesday, June 15 2011 - 09:56 AM WIB
Vallar, through its subsidiary Vallar Investments UK Limited, has successfully completed the mandatory cash offer for Berau following the earlier acquisition of a 75 percent interest in Berau on April 8, 2011, the firm announced on Wednesday.
Following settlement of the Tender Offer on 14 June 2011, Vallar has obtained an additional 3,398,999,404 shares in Berau, the firm said in a statement to London Stock Exchange.
With the latest deal, Vallar's total ownership in Berau as of 15 June 2011 is 29,573,999,404 shares, representing approximately 84.7% of the issued share capital of Berau.
Following completion of the Tender Offer the approximate holdings of ordinary shares in Berau are as follows:
Vallar PLC (through UK Subco) 84.7%
PT Bukit Mutiara 7.0%
Other shareholders 8.3%.(end of edited press release)