Seven companies interested in Apexindo
Friday, September 21 2007 - 01:57 AM WIB
Four foreign investment firms and three local firms are competing to obtain the 51.38 % shares owned by JSX-listed energy firm PT Medco Energi International in drilling service company PT Apexindo Pratama Duta, Media Indonesia reported on Friday.
The foreign companies include three from the USA, that is Texas Pacific Group (TPG), Carlile Investment, CVC Investment Group and one from Britain, 3i Investment Group. The local bidders include PT Nusantara Infrastructure Tbk, an affiliate of Bosowa Group controlled by Aksa Mahmud, the paper quoted a source as saying.
The two other local firms are an investment firm and a coal mining firm owned by a young entrepreneur, the source said without specifying.
Medco is offering its entire stake in Apexindo as part of its plan to focus on upstream oil and gas operation. (*)