KONTAN.CO.ID - JAKARTA. Indonesian miner Aneka Tambang (ANTM) has sold shares worth $467.18 million in two of its subsidiaries to a unit of the world's biggest electric vehicle battery maker, China's Contemporary Amperex Technology Co (CATL). In a disclosure published late on Thursday, Aneka Tambang, known as Antam, said it made the sales to Ningbo Contemporary Brunp Lygend Co Ltd (CBL) through the latter's Hong Kong unit. CBL is a holding subsidiary of CATL 300750.SZ, according to its website. The sales, which were completed on Thursday, mean CBL controls 49% of PT Sumberdaya Arindo and 60% of PT Feni Haltim.
Aneka Tambang Sells Shares of Subsidiaries to World's Biggest EV Battery Company
KONTAN.CO.ID - JAKARTA. Indonesian miner Aneka Tambang (ANTM) has sold shares worth $467.18 million in two of its subsidiaries to a unit of the world's biggest electric vehicle battery maker, China's Contemporary Amperex Technology Co (CATL). In a disclosure published late on Thursday, Aneka Tambang, known as Antam, said it made the sales to Ningbo Contemporary Brunp Lygend Co Ltd (CBL) through the latter's Hong Kong unit. CBL is a holding subsidiary of CATL 300750.SZ, according to its website. The sales, which were completed on Thursday, mean CBL controls 49% of PT Sumberdaya Arindo and 60% of PT Feni Haltim.