GMR in $547M reverse merger deal for Indonesian coal assets
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GMR in $547M reverse merger deal for Indonesian coal assets

By Sneha Shah

  • 05 Jul 2012
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GMR in $547M reverse merger deal for Indonesian coal assets
GMR Infrastructure Ltd

GMR Infrastructure Ltd has struck a $547 million reverse merger deal for its Indonesian coal mining and trading asset PT Golden Energy Mines Tbk (GEMS), which would give the infrastructure group 29.2 per cent stake in the Singapore stock exchange-listed United Fiber System Ltd.GMR, through a step-down subsidiary, owns 30 ......

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