Recapital Advisors may have chance to win over the acquisition bid for 90 percent shares of PT Berau Coal worth US$1.4-1.45 billion or IDR13.59 trillion.
Recapital is the buyer candidate for Berau with intensive negotiation following Indika.
Recapital offered the highest bid among the other bidders. PT Indika Energy Tbk offered US$1.15 billion as bidding price, and PT Quattro Inti Investama, the company which is used by Surabaya businessman, Kentjana Widjaja, offered Berau at US$1.2 billion.
However, CEO Recapital Advisor Rosan Perkasa Roeslani refuted to provide details of pricing bid offered by Recapital. He ensured there is no shares swap with the shares of PT Bumi Resources Tbk in this transaction.
Thursday, October 15, 2009
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