IT infrastructure provider PT Inovisi Infracom is nearing a deal to acquire two coal mines and one oil-and-gas firm in South Kalimantan and East Kalimantan, worth between $100 million and $150 million, said Director Ool Koek Aun. The firm is targeting revenue growth of 40 percent this year, up from last year’s 1.67 trillion rupiah ($141.7 million). (Kontan, Investor Daily, Bisnis Indonesia)
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$1 = 11790.0000 Rupiahs Compiled by Jakarta Newsroom; Editing by Prateek Chatterjee