Oct 6, 2010

Inovisi to acquire Abundant Global

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.

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