AADI – Divestment of Kestrel Coal Group

AADI – Divestment of Kestrel Coal Group Adaro Andalan Indonesia (AADI) has announced plans to divest 720.38mn shares in the Kestrel Coal Group, a major metallurgical coal mine located in Queensland, Australia. For information, Kestrel is known for producing high-quality coking coal used in steelmaking. Valued at between USD1.85 bn and USD2.4 bn, the transaction aligns with the company's broader capital allocation strategy and its shifting focus within the energy sector. The proceeds from the sale are expected to strengthen AADI’s liquidity and support its future strategic initiatives as it navigates the evolving global energy and commodity markets. (Source : Bisnis Indonesia)