On January 11, 2017 we published an article titled ‘Indika Group: Big Things to Watch’, suggesting everybody to closely watch dynamics between Indika Energy (INDY) and Samtan Co Ltd in PT Kideco Jaya Agung, third largest coal producer in Indonesia. This morning, Indika Energy (INDY) announced acquisition of 40% shares in Kideco from Samtan Co Ltd, while subsidiary IIC acquires 5% shares from PT Muji, minority partner in Kideco.To subscribe please click here