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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Swiss-based Puma acquires Medco unit

  • Amahl S. Azwar

    The Jakarta Post

Jakarta | Fri, October 12 2012 | 09:26 am

PREMIUM Publicly listed oil and gas firm PT Medco Energi Internasional (MEDC) announced on Thursday it had signed an agreement to sell a majority stake in its unit, PT Medco Sarana Kalibaru (MSK), to Swiss-based energy firm Puma Energy LLC.

MSK is the liquid-fuel storage and distribution subsidiary of MEDC. Under the planned scheme, the Jakarta-based company will become PT Puma Medco Petroleum, aft...