DUBAI, UAE, Sept. 16, 2022 /PRNewswire/ — Dalma Capital declares right now the completion of GMR Coal Resources Pte Ltd’s 30% divestment in Indonesia’s PT Golden Energy Mines Tbk (“PT GEMS”) to PT Radhika Jananta Raya (“PT RJR”), a subsidiary of PT ABM Investama Tbk (“ABM”), for $420 million plus deferred consideration.
Commenting on the landmark deal for the agency, Mishal Kanoo, a member of the Board of Directors of Dalma Capital, stated “Dalma Capital is proud to have advised GMR Group on its divestment in PT GEMS, thereby supporting the Group’s initiatives towards a more sustainable future in the area of green energy,” reinforcing their continued technique of focusing on the core infrastructure business.
Mr. Kanoo additional added that “this transaction serves as a display of Dalma Capital’s continued persistence towards bolstering our growing M&A practice, solidifying our position as one of Dubai’s fastest growing independent investment banking practices with robust M&A capabilities and a unique ability to advise on large-scale global transactions in challenging economic environments and industries under the leadership of Dalma’s founder, Zachary Cefaratti.”
About GMR Group:
GMR Group is an India-based international infrastructure conglomerate primarily engaged in the event, upkeep and operations of airports, energy technology, freeway growth, particular financial zones, and building business, together with engineering, procurement and building (EPC) contracting actions. The Group consists of a number of key firms, together with key listed firms like GMR Infrastructure Limited and GMR Power and Urban Infra Limited.
About PT Golden Energy Mines Tbk:
PT Golden Energy Mines Tbk (IDX: GEMS), established on May 13, 1997, is a holding of 18 subsidiary firms and is an Indonesia-based bituminous coal mine operator, proudly owning and working 5 coal mining concession areas in Indonesia masking an combination space of 66,000 hectares in South and Central Kalimantan, Jambi, and South and West Sumatra. GEMS has been listed on the Indonesia Stock Exchange since November 17, 2011. The Company’s flagship mine, PT Borneo Indobara, situated in South Kalimantan, nonetheless has 14 years remaining on its concession and roughly 1 billion mt of coal reserves.
About PT ABM Investama Tbk:
PT ABM Investama Tbk (IDX: ABMM) is an Indonesia-based built-in vitality firm for strategic funding, engaged in offering built-in mining options throughout the mining worth chain. ABM supplies options that focus on 4 most important business models that are coal mining, mining contractor providers, built-in engineering providers and logistic assist. ABM has been listed on the Indonesia Stock Exchange since December 6, 2011.
About Dalma Capital Management Ltd:
Dalma Capital is a world different funding administration platform and advisor with sturdy capabilities in funding banking and asset administration. Established in 2011 and headquartered in the Dubai International Financial Centre, Dalma Capital has been one of many quickest rising impartial monetary providers companies in the DIFC. Dalma Capital is permitted and supervised by the Dubai Financial Services Authority (the “DFSA”) underneath a prudential class 3c license.
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