Indonesia’s Medco offers $539m sweetened bid for Ophir Energy

The logo for PT Medco Energi Internasional is displayed at the company's headquarters in Jakarta, Indonesia. Photographer: Dimas Ardian/Bloomberg

London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to a lower offer.

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