Medco buys Probe Technology Services
Thursday, June 8 2000 - 03:15 AM WIB
Local oil and gas firm PT Medco Energy has recently signed an agreement to buy a 36.6 percent stake in the U.S.-based technology and oil service firm Probe Technology Services Inc., according to a report in the Astaga.com online.
Astaga.com also reported that Medco has managed to restructure its US$216.3 million loans through a combination of debt to equity swap and rescheduling. (*)