EMR consortium exits Indonesia's Martabe to strategic player
EMR Capital, Farallon Capital, and other investors have agreed to sell their stake in Indonesia’s Martabe gold and silver mine to United Tractors, an Indonesia-listed mining business owned by global conglomerate Jardine Matheson Holdings.
The deal will see Agincourt Resources, a special purpose vehicle controlled by EMR that holds a 95% stake in Martabe’s holding company, exit its entire stake based on an enterprise valuation of $1.21...
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