PE firm KKR to invest $180m for 35% stake in Ramba subsidiary Lemang PSC

PE firm KKR to invest $180m for 35% stake in Ramba subsidiary Lemang PSC

Oil rigs at sea. Credit: Flickr/anthony_goto

Singapore-listed Ramba Energy, which is engaged in Indonesian oil prospecting, has announced that a firm backed by private equity (PE) major KKR is investing up to US$179.6 million for a stake in an operating subsidiary.

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