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...

To continue reading, please login or register for free

Click for more on: bumi | resources | energi | mega

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • Green Bonds Southeast Asia

    25 May 2017  |  Singapore
    With Green Bonds globally reaching USD200 billion outstanding in 2016, from as little as 30bn just 4 years ago, can SE Asia corporations and ...
  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...