Talks earlier were deadlocked over voting rights with the government as a 51 per cent shareholder wanting to maintain the principle of one share one vote while Rajawali wants to make decisions based on deliberation.
Rajawali is expected to sign the final deal with Cemex, which has agreed to sell its 24.9 per cent stake in Semen Gresik to the Rajawali Group.
The deal was delayed as the government did not immediately give its approval, which is required under the contract. The government wanted the stake to be sold to a consortium of state companies.
