VDHS in acquisition talks

VDHS in acquisition talks

SINGAPORE (Reuter): Engineering and infrastructure services firm Van der Horst said yesterday it was in talks to buy stakes in companies with interests in telecommunications in Indonesia and in civil engineering and construction in Asia.

Van Der Horst said in a statement that company chairman Johanes Kotjo had told the board the proposed acquisitions could see a substantial increase in the share capital of Van der Horst which might result in a change in effective control.

It said no agreements had been finalized, but the outcome of the talks would be announced by the end of the week. The company had requested a continuation of the trading suspension of its shares and warrants, it said.