Delta Dunia buy Bukit Makmur for $550 Million

PT Delta Dunia Petroindo, an Indonesian property company that is expanding into natural
resources, said it agreed to acquire PT Bukit Makmur Mandiri
Utama, a coal-mining contractor, for about $550 million.
Bukit Makmur (Buma) is Indonesia' s second-largest coal mining contractor, Delta Dunia said in an e-mailed statement in Jakarta today.
The acquisition will help Delta Dunia boost revenue by leveraging coal market opportunities in Indonesia, the statement said. Delta Dunia appointed Barclays Capital to help
arrange financing for the acquisition, which it expects to complete in the fourth quarter of this year, the company said.