Will Bumi Resources and Energi Mega merge?
Merger plans are likely for the two Bakrie Group-affiliated companies.
The possibility of IndonesiaÆs largest coal producer, PT Bumi Resources and oil-and-gas firm PT Energi Mega Persad merging is looking more likely. Earlier this month, the Jakarta stock exchange suspended trading in both companies, after a local publication, Bisnis Indonesia, report they planned to merge.
Neither company will comment û ôat the momentö on the issue. However, Energi Mega Persada, IndonesiaÆs second-biggest publicly traded oil company, says it has appointed PT Ernst Young Advisory Services to study its plan to...
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