# Press Metal Aluminium acquires 25% stake in PT Bintan Alumina

Press Metal Aluminium Holdings has bought a 25% stake in PT Bintan Alumina Indonesia for US$80.23 million, securing a long-term alumina supply.

- Type: Acquisition
- Announced: 2019-11-18
- Where: Galang Batang, Indonesia
- Value: $80.2M
- Status: announced
- Capacity: 1 million tonnes per annum alumina
- 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

- [alcircle.com](https://www.alcircle.com/news/press-metal-aluminium-acquires-a-25-stake-in-pt-bintan-alumina-49410), 2019-11-18: "With this, reliance on third party suppliers for alumina needs will reduce considerably, providing stability for Press Metal's smelting operations."

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