JAKARTA – PT Indah Kiat Pulp & Paper Tbk (INKP) and PT Dian Swastatika Sentosa Tbk (DSSA) have officially signed an Asset Sale and Purchase Agreement on January 3, 2025.

Through this transaction, INKP acquired DSSA's power plant assets, including machinery with a total capacity of 175.1 MW along with its supporting equipment.

Heri Santoso Liem, Director and Corporate Secretary of INKP, stated that the acquisition covers the purchase of buildings supporting the power plant machinery as well as related inventories and spare parts.

Additionally, DSSA has sold another power plant asset with a total capacity of 129.5 MW, located in Karawang, West Java, to PT Pindo Deli Pulp and Paper Mills. This transaction also includes buildings and spare parts associated with the power plant machinery.

The deal is classified as an affiliated transaction, as DSSA, INKP, and PT Pindo Deli Pulp and Paper Mills are all part of the Sinarmas Group, sharing close affiliations.

Heri further confirmed that the signing of the asset sale agreement will not have a significant impact on INKP's financial and operational conditions. (DK/ZH)