Jul 14, 2011

Indika unit, LPG Distribusi set new firm

PT Indika Energy Infrastructure, a subsidiary of energy integrated company PT Indika Energy Tbk, and PT LPG Distribusi, have established a joint venture company dubbed PT Jatiwarna Gas Utama.
The establishment of the joint venture, on May 19 2011, is aimed to run business of several sectors such as trading, industrial, and services.
LPG Distribusi controls 99% shareholding in Jatiwarna Utama and Indika Infrastructure owns the remaining stake.
On a separate occassion, PT Metrodata Electronics Tbk, UK-based company Logicalis Group Limited, and PT Mitra Integrasi Informatika, have agreed to sign a term sheet.
The agreement will be followed with the joint venture agreement of a new company with a business focus on networking solution services.
Metrodata will own 49% shareholding in the joint venture company and Logicalis via its affiliated will hold 51% stake. 

Disclosure: No position at the stock mentioned above.

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