PT Inovisi Infracom Tbk (INVS) has entered into acquisition agreement with PT Goldchild Integritas Abadi, coal trading provider, in a bid to acquire 60% stake in Goldchild for the consideration of US$47 million.
Goldchild controls two subsidiaries moving in the coal trading business and turn-key project contractor with extraction rights on 110 million tons coal mining resources in South Kalimantan.
Inovisi plans to complete the shares acquisition by the end of this year.
Disclosure: No position at the stock mentioned above.
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