PT Aneka Tambang (Antam) Tbk finally given an authority to become government representative in acquiring a 14% stake in PT Newmont Nusa Tenggara (NNT).
The Antam consortium is asked by the West Nusa Tenggara (NTB) government to acquire the shares Antam would be asked to acquire a 31% stake in NNT together with the Regional Government of NTB if the joint venture between PT Daerah Maju Bersaing and Bakrie Group (Multi Capital Industries) is unable to complete the acquisition of a 10% stake in Newmont.
To finance the acquisition, PT Danareksa Sekuritas and PT Tambang Batubara Bukit Asam Tbk will help bailing out fund to purchase a 14% stake in NNT belonging to the central government.
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