n an analyst briefing last week, management of PT Delta Dunia Makmur Tbk (DOID), parent company of Indonesia second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), said that DOID is looking for a possible acquisition of 51%-80% stakes in PT Berau Coal Energy, a transformation company of PT Risco. DOID will buy mandatory exchangeable bond (MEB) of Rp10 trillion issued by PT Bukit Mutiara, holding company of Berau Energy. Recapital Advisors controls 100% stakes in Bukit Mutiara.
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