ExxonMobil’s Acquisition of Federal Oil from MPMX

PT Mitra Pinasthika Mustika (MPMX) Tbk is set to bag US$436 million from divestment of its shares in PT Federal Karyatama, a lubricant producer, to ExxonMobil. This is a very interesting deal because ExxonMobil valued PT Federal Karyatama more than six times equity as at Dec 31, 2017.

Read More