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Indonesian Billionaire Garibaldi Thohir's Adaro Energy To Raise $291 Million From Coal Unit's IPO

By Forbes   |   Nov 12, 2024 at 05:19 AM EST
Indonesian Billionaire Garibaldi Thohir's Adaro Energy To Raise $291 Million From Coal Unit's IPO

Adaro Energy, led by Indonesian billionaire Garibaldi Thohir, plans to raise $291 million through an IPO for its coal mining unit, aiming to transition to renewable energy.

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