Monthly Archives: November 2010
Rajawali aims to enlarge stakes in META
November 27th, 2010
Rajawali Group intends to enlarge shares ownership in toll road operator PT Nusantara Infrastructure Tbk (META) after it purchased 23.6% holding or 3.2 billion shares at Rp448 billion or Rp140 per share. In the market on Friday, Credit Suisse ...
Bakrie 9M net loss widens 737%
November 27th, 2010
PT Bakrie & Brothers Tbk (BNBR), a company controlled by Bakrie family focusing on energy, telecommunication, and infrastructure, still suffered a widened net loss by 737.01% to Rp565.99 billion in the first 9 months ended September 30 2010 from ...
Bukit Makmur & bonds buyback
November 26th, 2010
Indonesia’s second largest coal mining contractor PT Bukit Makmur Mandiri Utama (BUMA), wholly owned subsidiary of PT Delta Dunia Makmur Tbk (DOID), has secured US$600 million syndicated loan from several banks, including PT Bank Mandiri Tbk (BMRI) which aims ...
BNI sets rights issue at Rp3,100
November 23rd, 2010
Indonesia’s state lender, PT Bank Negara Indonesia (BBNI) finally set the rights issue price of its C-series stocks at Rp3,100 per share. In the company’s prospectus published today, with the excercise price at Rp3,100, it was stated that BNI ...
Bukit Makmur & US$600 mio refinancing
November 22nd, 2010
Morgan Stanley has been mandated by PT Bukit Makmur Mandiri Utama (Buma), wholly owned subsidiary of PT Delta Dunia Makmur Tbk (DOID), as lead arranger of bonds and loan buyback. Two sources familiar with the matter said Morgan Stanley ...
The next story after TPG take over, DOID
November 22nd, 2010
Coal mining contractor PT Delta Dunia Makmur Tbk (DOID) jumped 10.09% to Rp1,200 per share on Friday last week from the previous day of Rp1,090. In coincidence, executives of Texas Pacific Group (TPG), one of the world’s largest private ...
Vallar & Bakrie, the beneficiary (2)
November 21st, 2010
What next? Vallar is underway to be renamed Bumi Plc that will be holding 75% stake in Berau Coal Energy and 25% stake in Bumi Resources. Indirectly, BNBR, to control 24% stake in Vallar, will effectively hold 13% stake ...
Vallar & Bakrie, the beneficiary
November 20th, 2010
People in the market always said that PT Berau Coal Energy Tbk (BRAU) was controlled by Bakrie family. But nowadays, it is all getting clearer and more transparent that Bakrie family seems to control 40% holding in Berau Coal ...
Vallar & Bakrie, the beneficiary (1)
November 20th, 2010
People in the market always said that PT Berau Coal Energy Tbk (BRAU) was controlled by Bakrie family. But nowadays, it is all getting clearer and more transparent that Bakrie family seems to control 40% holding in Berau Coal ...
Bakrie Group backdoor listing in London
November 17th, 2010
Bakrie Group will be the largest shareholder in Vallar Plc after it completes the acquisition and shares swap deals. The deal seems to be a backdoor listing of Bakrie Group in London stock market. In a press statement, Bakrie ...
