ADRO — Divestment for expansion into non-coal sectors

ADRO — Divestment for expansion into non-coal sectors Adaro Energy (ADRO) plans to divest 99.99% of its shares in Adaro Andalan Indonesia (AAI) for USD2.45 bn to support its expansion into non-coal sectors. This move aims to create a more balanced business portfolio, enhancing ADRO’s resilience across business cycles and contributing to long-term value creation. ADRO is also committed to reducing greenhouse gas emissions, targeting 50% of its revenue from non-thermal coal businesses by 2030. (Source : Emiten News)