Indika Energy Completes Acqusition of 45% Shares in Kideco
(WorldNews Indonesia)

FOR IMMEDIATE DISTRIBUTION INDIKA ENERGY COMPLETES ACQUISITION OF AN ADDITIONAL 45% STAKE IN KIDECO 7th December 2017, JAKARTA - PT Indika Energy Tbk. ("Indika") and its wholly-owned subsidiary PT Indika Inti Corpindo (collectively, "Indika Energy") announced today that it has completed the acquisition of an additional 45% shares in Kideco from Samtan Co. Ltd. and PT Muji Inti Utama after fulfillment of all terms and conditions set out in the Share Purchase Agreements. Indika Energy now is the majority shareholder holding 91.0% stake at Kideco, Indonesia 3rd largest coal company under 1st generation CCOW with concession area in East Kalimantan....