Merger & Acquisition Updates

We’ve seen increasing merger and acquisition activities in Indonesia in the past few months, including in the resources sector. SGX-listed coal producer Geo Energy Resources Ltd with operating mines in Kalimantan has completed the acquisition of PT Surya Tambang Tolindo, which holds a concession area of 4,600 hectares in Damai sub-district, Kutai Barat Regency.

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