PT United Tractors Tbk (UNTR) through its subsidiary, PT Danusa Tambang Nusantara (DTN), will finalize the acquisition of two nickel companies, namely PT Stargate Pacific Resources (SPR) and PT Stargate Mineral Asia (SMA), worth USD 270 million or the equivalent of IDR 4.1 trillion.

UNTR Corporate Secretary Sara K. Loebis said, until now the status of the acquisition transaction is still in the Conditional Share Sale and Purchase Agreement (CSPA) stage.

Both sides, continued Sara, are preparing several conditions with the target of settlement at the end of this year.

"The transaction value at the time the information was disclosed at the end of December 2022 was around USD 270 million. However, this value is not final, depending on the final agreement at the closing ," Sara told Investor Daily, in Jakarta, Monday (28/8).

SPR is a company that holds a mining business permit for nickel production operations in North Konawe, South Sulawesi. While SMA is a company that holds a permit to develop and operate a smelter.

Strengthening UNTR to the new renewable energy (EBT) business is the company's effort to support the transition to renewable energy. "So, any type of mineral as long as it has a role in the renewable business is of interest to us," said Sara. 

That's why, continued Sara, the company is still looking for a renewable energy business that has good potential in the long term.

Image source: Company

Source: www.investor.id/Akhir Tahun United Tractors UNTR Targetkan Penyelesaian Akuisisi 2 Perusahaan Nikel