Indonesian miner Bayan completes $164m buyback of Kangaroo Resources

Indonesian miner Bayan completes $164m buyback of Kangaroo Resources

Photo: Bayan website

Indonesian coal miner PT Bayan Resources Tbk has completed the acquisition of its Australian-listed unit Kangaroo Resources Limited in a transaction worth A$226.4 million ($163.7 million), it said in a filing to the Indonesia Stock Exchange (IDX) on Wednesday.

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