Valco plans $1bn Indonesia port deal
Valco Capital Partners, the private equity arm of UK strategic advisory and turnaround group Hilco UK Ltd., is preparing to spend up to $1 billion on a 9.36% stake in PT Freeport Indonesia, the country's largest gold and copper mining company, according to Indonesian press reports.
Freeport Indonesia, in Indonesia's Papua territory, has recently benefited strongly from global demand for copper and gold. Under the terms of its 1991 agreement with the Indonesian government, the company...
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