Tag: divestment
Indonesia’s WIKA to Divests 15% of Belawan Container Terminal Shares
JAKARTA (TheInsiderStories) - The state contractor firm, PT Wijaya Karya Tbk (IDX: WIKA) plans to divest 15 percent shares of Belawan Container Terminal in Medan,...
Indonesia’s Intiland Development to Divests Non-Core Assets
JAKARTA (TheInsiderStories) - The developer, PT Intiland Development Tbk (IDX: DILD) plans to divesting its non-core assets with total values of Rp5 trillion (US$357 million) to...
Indonesia’s Waskita to Divesting 11 Toll Roads, Eyes US$2B
JAKARTA (TheInsiderStories) - The state construction firm, PT Waskita Karya Tbk (IDX: WSKT) plans to divesting 11 toll roads with target funds up to Rp31...
Indonesia’s Agung Podomoro Sell Assets for US$144M
JAKARTA (TheInsiderStories) - Indonesian developer, PT Agung Podomoro Land Tbk (IDX: APLN) sold Central Park in Central Jakarta and land in Karawang, West Java, to PT...
Indonesia’s Pertamina Seeks New Partners in Rokan Block
JAKARTA (TheInsiderStories) - The national state-owned oil and gas company, PT Pertamina, is looking for potential partners in the Rokan Block, Riau, which will take over...
Indonesia’s Waskita to Divests Nine Toll Roads Next Year
JAKARTA (TheInsiderStories) - The contractor company, PT Waskita Karya Tbk (IDX: WSKT) announced to divest nine toll roads in 2021 an eyes fresh funds up to...
Unilever Indonesia Open to Acquiring New Local Brands
JAKARTA (TheInsiderStories) - The consumer producer, PT Unilever Indonesia Tbk (IDX: UNVR), said it will open up for an opportunities to acquire new brands...
Indonesia’s Waskita Only Divests Two Toll Road Assets in 2020
JAKARTA (TheInsiderStories) - The construction firm, PT Waskita Karya Tbk (IDX: WSKT) announced only divest two toll roads in this year caused the impact...
Indonesia’s PTPP to Divests Two Toll Road Assets for US$28M
JAKARTA (TheInsiderStories) - The state-owned construction firm, PT PP Tbk (IDX: PTPP) to raised Rp421 billion (US$28.44 million) from the divestment of its two toll road...
Indonesia’s Saratoga Sells Merdeka Copper Shares for US$14M
JAKARTA (TheInsiderStories) - Private equity firm, PT Saratoga Investama Sedaya Tbk (IDX: SRTG), reported has sold 131.90 million shares of PT Merdeka Copper Gold Tbk (IDX:...
Indonesia’s Lippo Karawaci Divests Puri Mall for US$240M
JAKARTA (TheInsiderStories) - PT Mandiri Cipta Gemilang, a unit of conglomeration firm, PT Lippo Karawaci Tbk (IDX: LPKR), sold the ownership of Lippo Mall Puri to...
Indonesia’s PTPP Divests the Assets to Boost the Liquidity
JAKARTA (TheInsiderStories) - State-owned investment firm, PT PP Tbk (IDX: PTPP) eyeing fresh funds from the divestment of its assets around Rp1.6 trillion (US$109.59...
Unilever to Sell Tea Business Unit as Sales Drop in 1H...
JAKARTA (TheInsiderStories) - Global consumer goods producer, Unilever Plc (AMS: UNA) said on Thursday (07/23) will retained the tea businesses in Indonesia and India, following a...
Four Mining Companies Requires to Divest the Shares in 2020
JAKARTA (TheInsiderStories) - After Canadian Vale SA' unit, PT Vale Indonesia Tbk (IDX: INCO) has completed the divestment of 20 percent shares, there are four other...
Indonesia’s Lippo Karawaci Continues Puri Mall Divestment
JAKARTA (TheInsiderStories) - Real estate company, PT Lippo Karawaci Tbk (IDX: LPKR), continues its plans to divests one of it assets in Indonesia, Puri Mall,...
Chevron Considers to Divest IDD Project in Indonesia
JAKARTA (TheInsiderStories) - PT Chevron Pacific Indonesia (CPI), unit of United States-based oil producer, Chevron Corp., (CVX.N), is considering selling its participating interest in the...
Indonesia’s Lippo Group to Divest 70% OVO’s Shares
JAKARTA (TheInsiderStories) - Indonesia's largest and most diversified conglomerate Lippo Group confirmed it will sell around 70 percent shares in PT Visioner International (OVO),...
Officially, Indonesia’s Krakatau Steel Signs Debt Restructuring with Six Lenders
JAKARTA (TheInsiderStories) - Local manufacturer, PT Krakatau Steel Tbk (IDX: KRAS) has officially signed a debt restructuring agreement with six financial institutions. The management has...
Widodo Promises to Settle Vale Indonesia Divestment
JAKARTA (TheInsiderStories) - Indonesian President Joko Widodo expressed his readiness to assist PT Vale Indonesia Tbk (IDX: INCO) divestment. This was conveyed by the...
Indonesia’s PTPP Eyes Krakatau Steel’s Subsidiaries
JAKARTA (TheInsiderStories) - PT PP Tbk (IDX: PTPP) interested to acquire PT Krakatau Tirta Industri (KTI), unit of PT Krakatau Steel Tbk (IDX: KRAS), local...
Five Indonesia’s Mineral Firms Carry Out Divestment in 2019-2020
JAKARTA (TheInsiderStories) - Indonesia' Energy and Mineral Resources (EMR) ministry said there are five mineral companies that will carry out the divestment in 2019 - 2020....
Vale Indonesia Plans to Divest Shares to SOEs
JAKARTA (TheInsiderStories) – A miner, PT Vale Indonesia Tbk (IDX: INCO) plans to divest shares through a scheme pre-emptive rights to the State-Owned Enterprises...
Officially Inalum to Hold 51% Freeport Indonesia Shares After Long Discussions
JAKARTA (TheInsiderStories) – Finally, the PT Freeport Indonesia (PTFI) divestment shares signed after a long years of discussion. The signing ceremony between the state-owned miner PT Indonesia...
Breaking News: Indonesia Will Signs Freeport Deal Today
JAKARTA (TheInsiderStories) - Indonesian government through the state-owned miner PT Indonesia Asahan Aluminium (Inalum) will sign the Sales and Purchase Agreement on the share sales...
