Coal miner PT Adaro Andalan Indonesia is planning an initial share sale that may raise as much as 4.59 trillion rupiah ($291 million), part of a move by its parent company to shift away from ...

Adaro Energy—controlled by Indonesian billionaire Garibaldi Thohir—plans to raise up to 4.59 trillion rupiah ($291 million) through the IPO of its coal mining unit as the company aims to ...