# Press Metal plans to acquire 25% stake in PT Bintan Alumina Indonesia

Press Metal Aluminium Holdings plans to acquire a 25% stake in PT Bintan Alumina Indonesia, which is constructing a one-million tonne alumina refinery plant in Galang Batang, Riau Islands, Indonesia.

- Type: Acquisition
- Announced: 2019-06-04
- Where: Galang Batang, Riau Islands, Indonesia
- Status: rumored
- Capacity: 1,000,000 tonnes per year
- 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)

## Sources

- [thestar.com.my](https://www.thestar.com.my/business/business-news/2019/06/04/press-metal-eyes-stake-in-indonesian-company), 2019-06-03: "Press Metal Aluminium Holdings Bhd (PMetal) plans to acquire a 25% stake in PT Bintan Alumina Indonesia (PT BAI), which is currently constructing a one-million tonne alumina refinery plant in Galang Batang."

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