Monday, November 29, 2010

Mandiri & OSK Nusadana helps IPO Mitra Bahtera

PT Mitra Bahtera Segara Sejati, a transportations company, plans to initial public offering next year.
PT Mandiri Sekuritas and PT OSK Nusadana Securities Indonesia will underwrite Mitra Bahtera IPO.
On the other side, an integrated energy company, PT Indika Energy signed an optional agreement with the shareholders of Mitra Bahtera on 26 November 2010.
Indika signed such optional agreement with PT Patin Resources as well as Patricia Pratiwi Suwati Prasatya and Inggrid Ade Sundari Prasatya as the shareholders of Mitra Bahtera.Such option allows Indika to acquire 51% shares of Mitra Bahtera.
Mitra Bahtera is a privately owned Indonesian company was established in 1993. Since its inception the organisation has supported the Indonesian resource industry.
The company owns 72 tug sets with and operational fleet of 93 sets in service. Mitra Bahtera also owns a 30,000 TPD floating transfer facility and independently owns two floating cranes that in combination serve the major coal operations in the country.
The company together with its affiliated companies is now established as one of the largest barging contractors in Indonesia and also have experience barging Gypsum from Thailand to Indonesia and sand from Vietnam to Singapore.
In operating a fleet that is nearing 100 units, Mitra Bahtera has significant depth of logistical knowledge not only of bulk cargo transportation but of operational requirements for support activities such as fuel bunkering (3.5 million litres per month) and preventative and breakdown maintenance.

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