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PSL enters into term sheet agreement to settle dispute over Investama

PC Lee Published on Thu, Apr 19, 2018 / 8:23 AM GMT+8

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SINGAPORE (Apr 19): PSL's ongoing dispute linked to the stake acquisition of PT Momentum Indonesia Investama (Investama) may come to an end soon.

The marine and construction logistics company announced it had on Wednesday entered into a binding term sheet with the Indonesian parties involved to resolve the issue.

The parties involved in the dispute included vendors of the stake sale: Investama's director for marine logistics Sudirman Kurniawan and Angelo Fernandus.

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PSL enters into term sheet agreement to settle dispute over Investama