PT Energi Mega Persada Tbk (ENRG), an oil and gas arm of Bakrie Group, has entered into an affiliated party transaction to acquire 25% interest in Energi Mega Pratama Inc, which indirectly has interest in Kangean block (East Java), for US$43.5 million consideration. ENRG acquires the shares from Kinross International Group Ltd, a BVI-registered company owned by Bakrie Family. To subscribe please click here