The Pertamina-Medco Courtship

Pertamina plans to acquire a 27.9 percent share in Medco Energi. The shares of the Panigoro family are lessening. Was the offer price too high?

October 27, 2010

THERE was no great party on Friday two weeks ago, when Pertamina and Medco Energi made an agreement. And no reporters. This was despite the fact that it was the beginning of the start of a large project between Pertamina and Medco. Located at Bimasena, Dharmawangsa Hotel, South Jakarta, CEO of Pertamina (Persero), Galaila Karen Agustiawan, together with the Chief Commissioner of PT Medco Energi Internasional Tbk, Hilmi Panigoro, signed the princi

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