Telecommunication infrastructure provider PT Inovisi Infracom Tbk is planning to acquire100% stake in oil and gas infrastructure operator Abundant Global worth US$40 million.
As reported by a local newspaper today, in line with the acquisition, Abundant Global will operate and manage division of oil and gas infrastructure B2B e-commerce. Inovisi schedules to seek approval from shareholders during extraordinary general meeting.
Disclosure: No position at the stock mentioned above.
Print This Article