Medco Energi acquires Lundin Indonesia assets for $22m

Medco Energi acquires Lundin Indonesia assets for $22m

PT Medco Energi Internasional Tbk (MEDC), an oil and gas company founded by Indonesian businessman Arifin Panigoro, has on Oct. 8, signed a sale and purchase agreement (SPA) with Lundin SEA Holding AB to acquire the Indonesian operations of Lundin for an aggregate cash consideration of $22 million.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter