Geo Energy engages legal advisers on potential dispute over proposed acquisition
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Singapore
COAL producer Geo Energy Resources on Tuesday said it has engaged legal advisers in response to news reports about a potential dispute over a proposed deal in Indonesia.
Media outlets reported that the current or former ultimate controlling shareholders of Titan Infra Energy (TIE) filed a legal claim in the Jakarta courts against, among others, TIE and its major subsidiaries, Victor Tanuadji, as well as two Geo Energy subsidiaries - Geo Ventures Global (GVG) and Geo Coal International (GCI) - for acting against the interests of TIE shareholders.
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