The mining contractor issuer PT Petrosea Tbk (PTRO) will be acquired by PT Caraka Reksa Optima, this happens after PT Indika Energy Tbk (INDY) as the majority shareholder will leave and focus on diversifying its business outside the core sector in energy and mining. Well, one of them is by selling PT Petrosea Tbk.
The transaction value of this acquisition process reached IDR 2.1 trillion (approximately US$147 million). Indika Energy and Caraka Reksa Optima have signed a Conditional Shares Sale and Purchase Agreement (PPJB), in which in the certificate the sale of all of INDY’s shares in PTRO to CARA on February 18, 2022 where the effective date of February 25, 2022 (PPJB) PTRO will not be is still a subsidiary of the company.
Based on the disclosure letter submitted to the IDX, INDY intends to sell 704,014,200 shares representing 69.80% share ownership in PTRO.
The agreed PTRO valuation is equivalent to US$210 million or approximately Rp3 trillion. With this sale, INDY will receive fresh funds of up to Rp2.1 trillion.
Then, the question for public investors is, who is the real investor behind PT Caraka Reksa Optima (CARA) that wants to acquire PTRO from Indika?
Reporting from CNBC Indonesia, Caraka Reksa Optima is a consortium led by Anggara Suryawan. This consortium consists of several investors sponsored by H. Robert Nitiyudo Wachjo.
Who is H. Robert Nitiyudo Wachjo?
H. Robert Nitiyudo Wachjo is the owner of the Indotan Group, a corporation engaged in several lines of business. One of its subsidiaries is PT Indotan Halmahera Bangkit, this company is the shareholder of a gold mining company in the North Maluku Islands.
At that time, Indotan took over the majority share ownership in PT NHM from a foreign investor, namely Newsrest Mining Ltd in 2020.
H. Robert Nitiyudo Wachjo, cannot be underestimated, as the owner and at the same time the President Director of PTNHM, under his leadership the Gosowong Gold Mine created various breakthroughs. When released by Newcrest, the productivity life of the Gosowong Gold Mine was said to be almost over. However, together with Indotan, the Gosowong Gold Mine is taking aggressive measures that will ensure that the mine life will be longer than previously thought.
Internally, PTNHM employees feel new positive things. Starting from a performance bonus when production exceeds the planned target, the recruitment of contractors to become permanent employees of PTNHM, the increasing number of workers from villages around the mine joining and working at PTNHM, as well as improving the quality of life for those who live and work in the area. Gosowong Gold Mine.
Haji Robert increased the budget for improving the quality of food and beverages for employees, adding accommodation (camp) for employees, adding health insurance benefits, purchasing new heavy equipment. The company also leases commercial aircraft as transportation for employees who will leave and return to work, which at the same time revives Kuabang Airport in Kao District, North Halmahera.