[Krakatau Steel Receives IDR 130.74 Billion in Cash from Land Utilization Deal with PT Cabot Indonesia]

Published: Oct 08, 2026 17:26 (GMT+8)

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PT Krakatau Steel (Persero) Tbk (KRAS) has received cash compensation of IDR 130.74 billion from a cooperation agreement to utilize about 60,000 square meters of its land, located on Management Right (HPL) No. 15/Cilegon, with PT Cabot Indonesia. The deal involves Krakatau Steel as landowner, its 99.99%-owned subsidiary PT Krakatau Sarana Infrastruktur (KSI) as HPL holder, and Cabot Indonesia as the party using the land, and is carried out through a recommendation for a Building Use Right (HGB) certificate. Krakatau Steel said the transaction is intended to meet its obligations under the restructuring credit agreement and support operational funding, and it also reduces the company's outstanding restructuring obligations.

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