JAKARTA. PT Medco Energi Internasional Tbk continues to make surprises. After acquring PT Nemont Nusa Tenggara (NNT) for US$ 2.6 billion, the company is scheduled to announce another acquisition on Monday (16/9). President Director of Medco Hilmi Panigoro said that Medco will not stop at NNT acquisition and is targeting for other acquisitions. However, Hilmi declined to reveal the names of targeted companies, as well as the values of the acquisitions. “Merger and acquisition are critical and about confidential”, Hilmi said. Hilmi added that the acquisitions will increase the amount of cash flow to the company. Aside of cash flow, the acquisitions will improve Medco Energi’s business performance.
Medco ready for major acquisition
JAKARTA. PT Medco Energi Internasional Tbk continues to make surprises. After acquring PT Nemont Nusa Tenggara (NNT) for US$ 2.6 billion, the company is scheduled to announce another acquisition on Monday (16/9). President Director of Medco Hilmi Panigoro said that Medco will not stop at NNT acquisition and is targeting for other acquisitions. However, Hilmi declined to reveal the names of targeted companies, as well as the values of the acquisitions. “Merger and acquisition are critical and about confidential”, Hilmi said. Hilmi added that the acquisitions will increase the amount of cash flow to the company. Aside of cash flow, the acquisitions will improve Medco Energi’s business performance.