Indonesia’s Medco Energi may acquire Ophir Energy

Indonesia’s Medco Energi Global is in talks to potentially buy London-listed Ophir Energy. If all goes well as planned, Medco could acquire Ophir Energy soon. Ophir revealed the existence of talks on the potential acquisition.

In a statement the firm said: “The Boards of Ophir and Medco confirm they are in discussions about a possible cash offer to be made by Medco for the entire issued and to be issued share capital of Ophir.”

Medco will need to make a firm offer by the end of January 2019 or walk away, Ophir says.

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