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Wednesday 30 May 2018

Showa Denko sells stake in Indonesia Chemical Alumina to Antam




Showa Denko K K (SDK) has reached a basic agreement with PT Antam Tbk (Antam) on the transfer of its shares in PT Indonesia Chemical Alumina (ICA) to Antam.
Shareholders of Indonesia Chemical Alumina are PT Antam Tbk (80 percent); Showa Denko (20 percent).
SDK has resolved to sell its entire shareholding in ICA to Antam. Currently, SDK applies equity method to ICA, while Antam is the parent company of ICA and the majority shareholder.

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