PT Alam Tri Abadi (ATA), subsidiary of Adaro Energy (ADRO), has divested all of its 35% interest in PT Servo Meda Sejahtera (SMS) for total consideration of US$25.13 million. Buyers of the shares are PT Perusahaan Palembang Investama and PT Energi Karya Persada, both are affiliates of Titan Group and Trafigura Pte Ltd. ATA acquired SMS in October 2011 for Rp200 billion. The transaction is interesting in the context of coal plays in South Sumatra and groups involved there.
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