Finally, Consortium Saratoga Capital and Nortstar Pacific will close the acquisition 37.15% shares of PT Elnusa Tbk. Consortium Saratoga and PT Tridaya Esta has agreed appointed PT Recapital Asset Management as manager of the divestment transaction.
Elnusa is an integrated oil and gas services provider. It estimated to control as much as 80 percent of the national market for geological surveying services, including conducting drilling to determine whether the extraction of reserves is feasible. PT Pertamina is Elnusa’s largest shareholder with a 41.1 percent interest..
Saturday, September 19, 2009
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