Tag: divestment
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...
Critics Say too Early to Claim Victory in Freeport Negotiation
JAKARTA (TheInsiderStories)--Critics are quick to reign in the celebration by the government and its supporters who claim victories in shares divestment mining giant Freeport...
Freeport Seeks Extension to Temporary Mining License
JAKARTA (TheInsiderStories)—Executive Vice President PT Freeport Indonesia Tony Wenas on Friday (22/06) said the company has proposed an extension of the temporary special mining...