TPG, GIC Invest $331M in Indonesia Coal Company

TPG Capital and Singapore sovereign wealth fund GIC have paid 2.99 trillion rupiah ($331 million) for a stake in an Indonesia coal contractor, Reuters reported. The two firms acquired a stake in the special purpose vehicle Northstar Tambang Persada, which owns 40% of coal contractor PT Delta Dunia Makmur, Reuters said.

DealsNorth AmericaUSBriefs