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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...