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Bharat Vasandani Madhavan N. & Hari... Urvish Dave

Market & Company Research Store > Details

Year: 2012

Contents: 6 pages

Country: Indonesia, Thailand, Malaysia

Sector: Exploration and Production (Energy)
Pertamina Plans to Acquire Coastal Energy for US$2.6 Billion as Part of its Business Strategy of Inorganic Growth – Deal Analysis from GlobalData

Summary

PT Pertamina (Persero) has made a bid to acquire Coastal Energy Company (Coastal) for a purchase consideration of approximately £1,600MM (US$2,559.2MM) or £14.36 (US$22.97) per share. The offer price represents a premium of 22% to Coastal Energy's share price of £11.44 (US$18.33) per share, as of November 5, 2012. Persero is reportedly seeking the assistance of Coastal’s advisor Citigroup to complete additional due diligence to deliver a binding proposal.

Scope

- Rationale behind Pertamina's plans to acquire Coastal Energy.
- Rationale behind Persero expanding its presence in Thailand and Malaysia.
- Geography Covered- Thailand and Malaysia.

Reasons to buy

- To know about Pertamina's plans to acquire Coastal Energy.
- To understand the acquisition plan of Coastal is part of Persero’s business strategy of growing inorganically.
- To develop a sound understanding about Persero expanding its presence in Thailand and Malaysia.
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