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.
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