Coal miner Petrindo Jaya Kreasi (CUAN), owned by tycoon Prajogo Pangestu announced to take over 34% shares in mining contractor Petrosea (PTRO) for Rp940 billion value, or Rp2,741 per share, way below market price of Rp5,550. CUAN, through PT Kreasi Jasa Persada (KJP) purchased PTRO shares from PT Caraka Reksa Optima, owned by Robert Nitiyudo Wachjo or Haji Robert.To subscribe please click here
