Bumi and Energi Mega Persada plan to get hitched
Days after Bumi Resources announces it is selling two key mines, it confirms merger plans with Energi Mega Persada.
Bumi is just booming in the headlines these days.
Days after coal producer PT Bumi Resources announced that it was planning to sell off two of its key mines, it has confirmed that it plans to merge with oil and gas firm Energi Mega Persada.
The expected merger won't take place till July, but the two publicly-listed companies plan to merge through a share-swap mechanism. If approved, the combined company will be No. 2 in its sector, behind state-owned PT...
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