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Monday, July 2, 2012 - 18:57 IST
GMR in $547M reverse merger deal for Indonesian coal assets
BY Sneha Shah
GMR to swap minority stake in the Indonesian firm with 29.2% stake in the Singapore stock exchange-listed United Fiber.
GMR Infrastructure Ltd has struck a $547 million reverse merger deal for its Indonesian coal mining and trading asset PT Golden Energy Mines Tbk (GEMS), which would give the infrastructure group 29.2 per cent stake in the Singapore...
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