PT Mitra International Resources Tbk (MIRA) finally disposes 93.35% shareholding in Sabre Systems International Pte Ltd, losing its precious assets of drilling company PT Apexindo Pratama Duta Tbk, to Tuscany Investment Group Pte Ltd at US$40 million. Corporate Secretary Imaculata Tri Marianti at Mitra Resources today said the company entered into a sale and purchase [...]
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An acquisition vehicle backed by financier Nathaniel Rothschild and former BP (BP.L) boss Tony Hayward will announce its intention to float as early as next week, several sources familiar with the situation said as quoted by Reuters. It aims to raise around 1 billion pounds (US$1.6 billion) to invest in oil assets, the sources added [...]
An oil and gas company that is controlled by Panigoro family PT Medco Energi Internasional Tbk (MEDC) has mandated PT Bahana Securities as a lead underwriter of proposed US$150 million bond issuance. “Yes, we have officially been appointed as the lead underwriter for the Medco’s bond,” President Director Eko Yuliantoro at Bahana Securities told Insider [...]