Ancora eyeing more drilling firm acquisition
Saturday, December 20 2008 - 04:46 PM WIB
IDX-listed firm PT.Ancora Indonesia Resources Tbk (AIR) is eyeing acquisition of majority shares of drilling and work-over services contractor PT.Bormindo Nusantara.
The company said in a presentation filed with the IDX that is was currently making approach with the Bormindo?s shareholders.
According to Ancora, Bormindo operates 11 onshore rigs.
Ancora?s affiliated company Hong Kong-based Ancora Capital Management (Asia) Limited together with IDX-listed firm PT.Mitra Rajasa control majority shares of drilling rig firm PT.Apexindo Pratama Duta. (alex)