Mitra Rajasa to Complete Buying Apexindo by Sept. 10 (Update1)
2008-09-04 06:26:58.100 GMT
 
(Adds official's comments in second paragraph.)
By Berni Moestafa
Sept. 4 (Bloomberg) -- PT Mitra Rajasa, an Indonesian trucking services 
company, said it expects to complete a 5.2 trillion rupiah ($565 million) 
takeover of PT Apexindo Pratama Duta by Sept. 10, after missing an initial Aug. 
22 target.
The documents to buy Apexindo, the oil-drilling services unit of PT Medco 
Energi Internasional, are still being prepared, Corporate Secretary Imaculata 
Wattimena said by telephone in Jakarta today. Goldman Sachs & Co. is helping to 
raise most of the funds needed for the acquisition, Wattimena said.
Jakarta-based Mitra agreed to buy Apexindo on June 9.
Medco is Indonesia's biggest publicly traded oil company.
 
For Related News:
Stories on Mitra Rajasa: MIRA IJ <Equity> CN BN <GO> Most read Indonesian 
stories: MNI INDO 1W <GO> Search for Indonesian stories: NSE INDONESIA <GO>
--Editor: Ang Bee Lin, John Chacko.


      

Kirim email ke