Dalma Capital advises GMR Group on its 30% divestment in Indonesia’s PT GEMS for $420 million plus deferred consideration – QNT Press Release


DUBAIUAE, Sept. 16, 2022 /PRNewswire/ — Dalma Capital announces today the completion of GMR Coal Resources Pte Ltd’s 30% divestment in Indonesia’s PT Golden Energy Mines Tbk (“PT GEMS”) to PT Radhika Jananta Raya (“PT RJR”), a subsidiary of PT ABM Investama Tbk (“ABM”), for $420 million plus deferred consideration.

Commenting on the landmark deal for the firm, Mishal Kanoo, a member of the Board of Directors of Dalma Capital, said “Dalma Capital is proud to have advised GMR Group on its divestment in PT GEMS, thereby supporting the Group’s initiatives towards a more sustainable future in the area of ​​green energy,” reinforcing their continued strategy of focusing on the core infrastructure business.

Mr. Kanoo further added that “this transaction serves as a display of Dalma Capital’s continued persistence towards bolstering our growing M&A practice, solidifying our position as one of Dubai’s

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