VDHS buys Indonesian firm

Sat, 08 Jun 1996, 00:00 WIB | Source: REUTERS

SINGAPORE (Reuter): Marine engineering and infrastructure
group Van der Horst Ltd (VDHS) said yesterday it was finalizing
negotiations to acquire an unnamed company in Indonesia.

A Van der Horst statement gave no financial details of the
purchase.

The statement said the acquisition would reinforce the
company's long-term interest and commitment in Indonesia.

It said the deal would not have a material impact on the
group's earnings per share or net tangible assets per share for
the financial year ending Sept. 30, 1996. It would be funded from
internal resources and debt financing.

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