New Asia focus investment
Posted: 26 September 2005
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Europe ’s leading private equity and venture capital company, 3i, has made an $11 million investment in Salamander Energy, an exploration and production company focused on South East Asia . 3i’s investment marks the closing of Salamander’s $50 million equity round. Salamander currently holds an interest in the Phu Horm gas field in the North East of Thailand and plans to use the funds to build a balanced portfolio of production and exploration assets.
The Salamander investment follows 3i’s $15 million investment in Singapore-based Pearl Energy, an independent exploration and production business with a portfolio of oil and gas interests across Indonesia , Thailand and the Philippines .
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