DOID.JK ?? Maksudnya ?
Sent from my -BlackBerry Phone- -----Original Message----- From: "RonaLd. W e-Mail" <[email protected]> Date: Mon, 20 Dec 2010 03:47:59 To: <[email protected]> Reply-To: [email protected] Subject: Fw: TPG, GIC invests $331 million at Indonesia's coal firm-sources in PT.Delta Dunia Makmur DOID.JK ?? Maksudnya ? Sent from my -BlackBerry Phone- -----Original Message----- From: MeLinda MeLisa <[email protected]> Sender: [email protected] Date: Mon, 20 Dec 2010 11:39:38 To: <[email protected]> Reply-To: [email protected] Subject: [StockForex] TPG, GIC invests $331 million at Indonesia's coal firm-sources in PT Delta Dunia Makmur TPG, GIC invests $331 million at Indonesia's coal firm-sources in PT Delta Dunia Makmur Sunday, Dec 19 04:38 AM EST http://marketpin.blogspot.com/ JAKARTA (Reuters) - U.S. private equity firm Texas Pacific Capital TPG.UL and Singapore sovereign wealth fund GIC GIC.ULinvested 2.99 trillion rupiah ($331 million) for a stake in an Indonesia coal contractor, two sources with knowledge of the deal said on Sunday. TPG and GIC have bought non-voting shares in Northstar Tambang Persada Ltd, a special purpose vehicle which owns 40 percent in PT Delta Dunia Makmur (DOID.JK), according to a statement to Indonesia's stock exchange, following a report in the Financial Times on Dec 18 about the deal. Delta Dunia is owned PT Bukit Makmur Mandiri Utama, Indonesia's second largest coal contractor. The transaction was conducted early this month when they bought 2.72 million shares of Delta Dunia for 1,100 rupiah a share, one source told Reuters. TPG and GIC bought the shares from the Widjaya family, which controls conglomerate Sinar Mas Group, and the Bakrie Group, the source added. "The investment in Delta is appealing as it has returned up to 25 percent annually," another source, who declined to be identified because the details were not public, told Reuters. Delta Dunia provides various services to Indonesia's coal mine operators such as Bumi Resources (BUMI.JK), Indonesia's largest mining group, controlled by the politically connected Bakrie family. It transports coal to customers in China, India and other markets. Delta Dunia shares have fallen 24 percent so far this year, underforming a broader Jakarta market (.JKSE) up 41 percent Source: http://marketpin.blogspot.com/
