SMM announces the closing of Divestment Transaction
October 8, 2020
Sumitomo Metal Mining Co., Ltd.
Sumitomo Metal Mining Co., Ltd. (Head Office: Minato-ku Tokyo, President & CEO: Akira Nozaki) has agreed to sell off a portion of the shares we hold in the Republic of Indonesia's PT Vale Indonesia Tbk. (Head Office: Jakarta) along with our holding in Vale Canada Limited (Head Office: Toronto) to the Republic of Indonesia's PT Indonesia Asahan Aluminium (Persero) (Head Office: Jakarta).
We had made progress with the process after entering into the stock purchase and sale agreement on June 19th, 2020, and the sale and transfer has been completed at October 7th.
Please check the below PDF file for details.
