Indika Energy Completes Acquisition of MTU

PT Indika Energy Tbk. announced today that wholly-owned subsidiary of the company, PT Indika Indonesia Resources and Indika Capital Investment Pte. Ltd., together with a co venturer, have completed the acquisition of the shares of PT Multi Tambangjaya Utama (MTU) and associated coal distribution rights for US$136 million plus the assumption of bank loans to MTU of US$69 million and other MTU indebtedness. Indika Energy now owns indirectly 85% of MTU.