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    HomeNewsBusinessCompaniesMercator eyes Indonesia mine buy, overseas IPO for unit

    Mercator eyes Indonesia mine buy, overseas IPO for unit

    Mercator Lines Ltd, India's second largest private shipping firm, expects to acquire a coal mine in Indonesia in the next one week for around USD 30 million and plans to list its coal division overseas, a top official said.

    September 19, 2011 / 13:58 IST
       
       
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      Mercator Lines Ltd, India's second largest private shipping firm, expects to acquire a coal mine in Indonesia in the next one week for around USD 30 million and plans to list its coal division overseas, a top official said.

      "The likely resources (of the new coal mine) are about 60 million tonne. The deal value will be roughly be in the region of USD 25-USD 30 million, Managing Director Atul Agarwal told Reuters on Monday.

      first published: Sep 19, 2011 01:25 pm

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