Indonesian Tycoon Garibaldi Thohir-Backed Adaro Andalan, Partner To Sell Stake In Australian Coal Mine For $2.4 Billion

Jakarta-listed Adaro Andalan Indonesia, backed by Indonesian billionaire Garibaldi Thohir, and its partner, Hong Kong-based private equity firm EMR Capital, are selling their controlling stake in Australian coal miner Kestrel Coal to China-linked Yancoal Australia for up to $2.4 billion.