Krakatau Steel secures IDR 130.74 billion from fixed-asset utilization deal with Cabot Indonesia

Bitget2026/10/06 10:04

Krakatau Steel agreed to let Cabot Indonesia use about 60,000 square meters of its land in Cilegon. The deal values the fixed-asset utilization at IDR 130.74 billion, structured as cash compensation from Cabot. Proceeds will support restructuring obligations under the company’s restructured credit agreement, also funding operations. The transaction date was Sept. 30, 2026. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Krakatau Steel (Persero) Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32163824) on October 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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