Kestrel Monetization May See Adaro Andalan Declare Special Dividend -- Market Talk
Dow Jones
Apr 15
0331 GMT - Adaro Andalan Indonesia may be eyeing a special dividend after monetizing its stake via the sale of the Kestrel coal mine to Yancoal Australia, Citi analyst Ryan Davis says in a note. AADI was in a net cash position as of FY2025, making a full special dividend [of around 15%] likely, Citi says. Post-divestment, AADI can sharpen its focus on its core thermal coal assets, while Alamtri Minerals Indonesia anchors the group's exposure to metallurgical coal and downstream minerals, Citi says. Adaro Andalan Indonesia stock is up 5.6% at 10,875 rupiah. (venkat.pr@wsj.com)
(END) Dow Jones Newswires
April 14, 2026 23:31 ET (03:31 GMT)
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