Mining and shipping firm Trada Alam Minera (TRAM) divested or transferred its ownership in PT Trada Dryship, shipping firm, to PT Anugrah Persada Investama. Both companies have signed sale and purchase agreement (SPA). TRAM sold 225.43 million shares at value of Rp22.54 billion, not a material transaction. TRAM will not consolidate earnings of Trada Dryship.To subscribe please click here