( April 16, 2015, 05:43 GMT | Insight) -- The Sinarmas Group, one of the largest diversified conglomerates in Indonesia, is looking to acquire London-listed coal miner Asia Resource Minerals Plc., or ARMS, the parent of Indonesian-listed PT Berau Coal Energy Tbk, the fifth-largest coal producer in...The Sinarmas Group, one of the largest diversified conglomerates in Indonesia, is looking to acquire London-listed coal miner Asia Resource Minerals Plc., or ARMS, the parent of Indonesian-listed PT Berau Coal Energy Tbk, the fifth-largest coal producer in the country. Reuters reported that Asia Coal Ventures, a vehicle being funded by Sinarmas, was considering making a possible cash offer of 41 pence per share, which represents a premium of 173 percent to ARMS' last traded price. The acquisition could support Sinarmas’ power business by ensuring coal supply....
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