Indonesian media mogul earmarks $500m for M&A

Mr Tanoesoedibjo, 50, told the Financial Times that he is in the midst of negotiations to acquire an oil and gas business, a coal-fired power plant and a number of local banks, with total investment of “around $500m altogether” — equivalent to a tenth of Indonesia’s total mergers and acquisitions activity this year.

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Posted December 21, 2015 by repit in News

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