# Press Metal to acquire 25% stake in Indonesian alumina refinery PT BAI

Press Metal Aluminium Holdings has signed an MOU to acquire a 25% stake in PT Bintan Alumina Indonesia, which is building a million-ton alumina refinery in Galang Batang, Riau Islands, Indonesia. The deal is subject to due diligence and final terms.

- Type: Acquisition
- Announced: 2026-11-05
- Where: Galang Batang, Riau Islands, Indonesia
- Status: announced
- Capacity: 1,000,000 tonnes per year (alumina refinery, under construction)
- Products: alumina
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Press Metal Aluminium Holdings](https://endata.com/companies/15797.md) (acquirer)
- [PT Bintan Alumina Indonesia](https://endata.com/companies/15798.md) (target)
- [Shandong Nanshan Aluminium](https://endata.com/companies/15799.md) (target)
- [Redstone Alumina International](https://endata.com/companies/15800.md) (target)
- [PT Makhota Karya Utama](https://endata.com/companies/15801.md) (target)

## Sources

- [theedgemalaysia.com](https://theedgemalaysia.com/article/press-metal-acquire-25-stake-indonesian-alumina-refinery-firm), 2026-11-05: "We are constantly on the lookout for suitable assets to strengthen our position as a globally-integrated aluminium corporation."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.