MedcoEnergi acquired 49 per cent stake in AMG for $101.61 million

Oil and gas exploration and production company PT Medco Energi Internasional Tbk has acquired a 49 per cent stake in construction firm PT Api Metra Graha (AMG) from Jaden Holdings Limited for a consideration of $101.61 million. Post-acquisition, AMG’s stakeholders and respective stakeholdings are as follows: Jaden Holdings Limited (50.32 per cent), Medco (49 per cent), and Jaden Investment Incorporated (0.68 per cent).