Release: Delta Dunia - Northstar Tambang Persada announcement
Monday, December 20 2010 - 01:10 AM WIB
A consortium of investors consisting of affiliates/nominated investment vehicles of TPG Capital and Government of Singapore Investment Corporation Pte Ltd has today completed a purchase of all the non‐voting interests in NTP from certain investors/shareholders. Northstar Equity Partners is not one of the selling parties and will continue to retain voting rights and a controlling interest in NTP.
TPG Capital is the global buyout group of TPG, a leading private investment firm founded in 1992, with $48 billion of assets under management. Government of Singapore Investment Corporation Pte Ltd is a global investment management company established in 1981 to manage Singapore's foreign reserves. (end of edited release)
