00:00 The second successor to DOIT or PT Delta Dunia Makmur TBK
00:03 through a subsidiary has signed a stock exchange agreement
00:07 to acquire Atlantic Carbon Group Inc.,
00:10 the second largest UHD anthracite producer in the United States.
00:14 This transaction is expected to be completed in June 2024,
00:18 with further details to be announced after the transaction is completed.
00:22 PT Delta Dunia Makmur TBK is in agreement with the DOID stock code
00:28 through a subsidiary PT Bukit Makmur International
00:32 has signed a stock exchange agreement
00:34 to acquire Atlantic Carbon Group Inc.,
00:37 the second largest UHD anthracite producer in the United States.
00:41 This transaction is expected to be completed in June 2024,
00:44 with further details to be announced after the transaction is completed.
00:48 The US $ 122.4 million agreement
00:51 will provide Delta Dunia Group ownership
00:53 over four UHD anthracite mines in Pennsylvania.
00:58 After this acquisition,
00:59 the group will be one of the main UHD anthracite producers in the world,
01:03 diversifying its business geographically and in the future.
01:07 This transaction is interesting from a financial point of view
01:09 because of valuation, leverage, and a positive impact on income,
01:13 as well as expanding the group's relationship with customers and stakeholders.
01:17 Through this acquisition,
01:18 the company will take control over Atlantic Carbon Group Inc.
01:23 The Director General of Delta Dunia Group, Ronald Sutardja,
01:26 stated that this transaction is an important milestone for Perseverance.
01:30 After this transaction is completed,
01:32 the group will achieve several strategic goals,
01:34 including becoming the owner of mining for important commodities in LC Steel production
01:39 and expanding its geographical track to other main mining areas.
01:43 This agreement will also diversify Perseverance's income,
01:46 reducing dependence on thermal coal
01:49 to less than 50% of total income in 2028.
01:53 TIPPUR PUTTAN IDX CHANNEL
01:55 TIPPUR PUTTAN IDX CHANNEL
01:58 TIPPUR PUTTAN IDX CHANNEL
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