Singapore-listed L&M Group Investments Ltd. Thursday said a

Fri, 23 Nov 2001

Singapore-listed L&M Group Investments Ltd. Thursday said a wholly owned unit will pay US$15.2 million to acquire a 60 percent stake in a gas processing and transmission facility in West Java, Indonesia. Indonesia's PT Petroimpex Nuansa Corporindo and PT Moeladi are the joint sellers of the stake, L&M said.The facility includes a 94 kilometer pipeline that extends from Subang through Pasirjadi and Citarik to Tegalgede, West Java. -- Dow Jones

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