Mitra Rajasa acquires Apexindo
Monday, June 9 2008 - 11:54 PM WIB
Oil, gas services company PT.Mitra Rajasa Tbk has signed Rp.5.19 trillion ( US$558 million ) deal to acquire 80.57 percent shares of drilling firm PT.Apexindo Pratama Duta Tbk from oil, gas firm PT.Medco Energi Internasional Tbk and Encore International Pte. Ltd.
Mitra Rajasa Corporate Secretary Immaculata Wattimena was quoted by media as saying that the deal was closed on Monday at price of Rp.2,450 per share.
Mitra Rajasa, Apexindo and Medco are listed at the Indonesian Stock Exchange.
Apexindo operates land and offshore rigs operating in Indonesia and overseas. (*)