Sign up | Log in



Home  >>   Daily News  >>   Indonesia News  >>Energy  >> BIPI targets to buy Mitratama for $120m
NEW UPDATES Asean Affairs  30 June 2014  

BIPI targets to buy Mitratama for $120m

Energy company PT Benakat Integra (BIPI) is looking for US$120 million in bank loans to fund its planned acquisition of PT Mitratama Perkasa due to a lack of internal cash.

“The funds will be externally sourced, from bank loans,” said BIPI corporate secretary Remanja Dyah Intan Suri on Friday as quoted by

BIPI’s cash and cash equivalents stood at $34.76 million in the first quarter (Q1) of this year, while its debts amounted to $954.74 million and its equities $491.09 million in the same period.

The acquisition of Mitratama, which leases coal port and crusher facilities, is expected to be completed later this year, according to Remanja.

BIPI will take over a 30 percent stake IN Mitratama from publicly-listed PT Sumber Energi Andalan, which bought the stake in August 2012 from PT Bumi Resources in a deal worth only $1.

Long Haul Holdings Ltd., will serve as the broker for the acquisition.

BIPI previously controlled 70 percent of Mitratama shares through its subsidiary, PT Nusantara Pratama Indah.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                            June 30, 2014 Subsribe Now !
• Draft interim constitution completed Subcribe: Asean Affairs Global Magazine
• BIPI targets to buy Mitratama for $120m
• NCPO to solve problems within limited time frame
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Thai junta to fast-track visas for Cambodians
• Business outlook optimistic
Asean Analysis                    June 27, 2014

• Asean Analysis June 27, 2014
A Bucket of Challenges Awaits Presidential Victor in Indonesia
Advertise Your Brand

Asean Stock Watch    June 27, 2014
• Asean Stock Watch-June 27, 2014
The Biweekly Update
• The Biweekly Update  June 27, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand