Tesla is reportedly considering investing in a battery plant in Indonesia, while OMNI Hospitals has acquired Emtek’s hospital business for Rp1.25 trillion ($85 million).
Tesla may invest in a battery plant
US-based Tesla is reportedly in discussions with the Indonesian government to invest in a battery plant in the country. The industry minister Agus Gumiwang Kartasasmita confirmed the news to CNBC Indonesia on Monday, saying the government is pitching a plant in the integrated industrial area at Batang, Central Java.
Tesla’s interest in the country surfaced last month when the coordinating minister for maritime affairs and investment, Luhut Binsar Pandjaitan, revealed that Tesla had evinced interest in a battery plant. “I would like to convey that many people are interested in investing in Indonesia. I received a call from Tesla. They are interested in building a lithium battery [factory] in Indonesia,” Pandjaitan said on September 9.
According to the minister, Tesla is interested as Indonesia is home to the world’s largest nickel reserves.
Indonesia is also focusing on building lithium battery plants to develop the electric vehicle ecosystem. In January 2020, the government banned the export of nickel ore.
OMNI Hospitals to acquire Emtek’s hospital business
Indonesia’s PT Sarana Mediatama Metropolitan Tbk (OMNI Hospitals) will acquire EMTEK’s hospital business, PT Elang Medika Corpora (EMC), according to a disclosure to the Indonesia stock exchange.
OMNI Hospitals will buy 1.25 million EMC shares, or 99.99 per cent of the company, through its internal cash. The total transaction value is estimated at Rp1.25 trillion ($85.37 million). OMNI Hospitals’ current assets are Rp1.82 trillion, which will increase to Rp3.72 trillion after the acquisition is complete.
The shareholders of OMNI Hospitals are PT OMNI Health Care, with a 71.88 per cent stake, PT Investindo Nusantara Sekuritas (7.31 per cent), PT Panin Sekuritas Tbk (6.11 per cent), and the rest is public shares (14.7 per cent).
OMNI Hospitals operates five hospitals in Indonesia, and EMC has a subsidiary that operates two hospitals in Greater Jakarta.