Jakarta - PT Dian Swastatika Sentosa Tbk (DSSA) announced that it had completed the acquisition of 100% shares of Dampier Coal (Queensland) Pty Ltd.

Stanmore Resources Limited carried out this takeover through Stanmore SMC Holdings Pty Ltd (SMC).

"Following the offer of pro-rata rights in Stanmore's ordinary shares and the withdrawal of the takeover financing facility of US$625 million, this takeover was funded by Stanmore's internal cash," said DSSA Corporate Secretary Susan Chandra in information disclosure on Monday (5/9).

She explained that, as the owner of 80% of BHP Mitsui Coal Pty Ltd's shares, Stanmore had effectively owned 100% of Dampier Coal's shares through SMC.

"This takeover is expected to provide long-term added value for all shareholders of the company," she said.