Indonesia's Pertamina May Acquire 60% of Engineering Firm Rekind

Reuters

JAKARTA, July 2 (Reuters) - Indonesian state energy firm Pertamina said it was considering acquiring a 60 percent stake in engineering contractor Rekayasa Industri (Rekind), among efforts to improve its engineering resources.

"We have just started a joint working group to evaluate this plan, together with Pupuk Indonesia and Rekind," Pertamina spokeswoman Wianda Pusponegoro told Reuters on Thursday. Pupuk Indonesia is the majority shareholder in Rekind.

A spokesman for Rekind, an engineering, procurement and construction (EPC) firm, was not immediately available for comment.

Earlier, Pertamina CEO Dwi Soetjipto told Kontan newspaper that the firm aimed to complete the acquisition this year.

($1 = 13,335 rupiah)

(Reporting by Fergus Jensen; Editing by Alan Raybould)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Project Procurement & Contracts Advisor (Subsea Equipment)
Expertise: Contracts Engineer|Purchasing|Subsea Engineering
Location: Houston, TX
 
Senior Water Engineer
Expertise: Civil Engineering
Location: Dallas, TX
 
Sr. Electronics Engineer
Expertise: Electrical Engineering|Engineering Manager
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $55.47/BBL 0.69%
Light Crude Oil : $52.48/BBL 0.30%
Natural Gas : $3.41/MMBtu 0.29%
Updated in last 24 hours