Indonesia's Medco to buy Britain's Ophir Energy for $511m

Indonesia's Medco to buy Britain's Ophir Energy for $511m

Photo: Medco Energi website

Indonesian oil and gas group Medco said on Wednesday it will buy Ophir Energy Plc for a sweetened bid of 390.6 million pounds ($511.02 million) in cash, as it looks to strengthen its portfolio of assets in Southeast Asia.

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