Jakarta –
Mining industry holding MIND ID has officially added a 14% stake in PT Vale Indonesia Tbk. This was marked by the signing of the Vale Indonesia divestment takeover transaction document ‘Signing of Definitive Transaction Agreement For the Acquisition of PTVI Shares’.
The signing was attended by the Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan, BUMN Minister Erick Thohir, and Investment Minister Bahlil Lahadalia at the Pullman Hotel, Central Jakarta
With this signing, MIND ID acquired 34% from the previous 20% of Vale Indonesia’s shares. The additional shares make MIND ID the majority shareholder.
Luhut said that a long process had been passed in this signing. He said, Vale is a nickel company with the best management.
“Vale, one of the largest nickel companies in Indonesia, has good ESG management,” he said.
“Why agree that there is no relinquish because we want to make PT Vale Indonesia a world model for environmental management that is very good,” he added.
Erick previously said that with the additional shares, his party would include representatives from the government on Vale’s board of directors. The addition of these shares has an important meaning in encouraging downstreaming.
“There will definitely be discussions (with the board of directors). Later, the board of directors will definitely have representatives from us because we are 34% shareholders and the rest is the public,” said Erick when met at the Danareksa Tower, Central Jakarta, Tuesday (20/2).
“But the most important thing for us is that when Vale becomes our ecosystem, we will encourage the acceleration of investment and downstreaming in Vale, which has been quite slow,” he added.
Erick also said, downstream Vale This is a good momentum right now because demand for electric vehicles is also increasing. For your information, Vale is a mining company that manages nickel, which is the most important commodity for producing electric car batteries.
“The momentum of downstreaming at Vale is a very good momentum, we could see it yesterday when I came to the Indonesia International Car Show myself, I saw that demand for electric cars was increasing,” he explained.
(acd/ara)
2024-02-26 09:55:18
#Legitimate #MIND #Majority #Shareholder #Vale
