PE-backed Merdeka buys stake in Indonesian gold mine
Merdeka Copper Gold, an Indonesian mining company controlled by Provident Capital and Saratoga Capital, has agreed to pay $55 million for a 66.6% stake in a domestic gold operation known as Pani.
Minority shareholder Lion Selection Group said in a release the deal implied a value of A$39 million ($28 million) for its 33.3% stake. The cash transaction positions Pani to realize a number of permitting...
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