Press Metal acquires 80% stake in PT Kalimantan Alumina Nusantara for RM1.04 billion

Press Metal Aluminium Holdings Bhd entered into agreements to acquire an 80% equity interest in PT Kalimantan Alumina Nusantara for RM1.04 billion. The joint venture will establish an integrated alumina refinery in Sanggau, West Kalimantan, Indonesia with Phase 1 capacity of 1-1.2 million metric tonnes per year.

“Press Metal Aluminium Holdings Bhd (PMAH) has entered into a shareholders’ agreement and a share subscription agreement for 80 per cent equity interest in PT Kalimantan Alumina Nusantara (KAN) for RM1.04 billion.”thestar.com.my

• 1 source
• thestar.com.myPress Metal acquiring 80% stake in PT Kalimantan Alumina Nusantara for RM1.04bil | The StarThe Star OnlineSep 18, 2024

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