JAKARTA: Two state-owned utility companies PT Perusahaan Gas Negara Tbk and PT Telekomunikasi Indonesia Tbk will conduct due diligence for their acquisition plan.
PGN can’t ensure when the acquisition of three-four gas blocks inside and outside the country will be realized since it’s still under due diligence process.
“We expect it to complete immediately. It’s still under due diligence process,” said PGN President Director Hendi Prio Santoso on Tuesday, May 29, 2012.
As earlier reported, PGN prepared IDR5 trillion for investment this year. Meanwhile, Telkom targets the acquisition of Hong Kong’s Pacnet Ltd to be decided in June. (T06/aph)