Petrosea to acquire PNG mining contractor

Petrosea

Indonesia-based PT Petrosea Tbk has signed a conditional share sale and purchase agreement regarding the acquisition of all shares of HBS (PNG) Limited and its subsidiaries (HBS Group) with a total transaction value of A$40 million.  HBS has been a key player in the provision of mining and construction services and heavy equipment solutions in Papua New Guinea since 2006.…

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