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Indonesia PGAS’s Share Drops 10% After Pertagas Acquisition

JAKARTA (TheInsiderStories)--Indonesia's state-owned gas company PT Perusahaan Gas Negara Tbk (IDX: PGAS) shares fell by almost 10 per cent after the company announced the...

Indonesia’s PGAS Officially Acquires Pertagas

JAKARTA (TheInsiderStories)—Indonesia’s state-owned gas company PT Perusahaan Gas Negara Tbk (IDX: PGAS) officially acquired 51 per cent stake of the PT Pertamina Gas (Pertagas)...

PGN Shareholders Approves Merger Plan with Pertagas

JAKARTA (TheInsiderStories)—Shareholders meeting of PT Perusahaan Gas Negara Tbk (PGAS) approved the plan to acquire and merge with PT Pertagas, a subsidiary of state-owned...

Too Much Intervention Could Affect Pertamina’s Long Term Projects

JAKARTA (TheInsiderStories)—Too much government intervention in the changing Pertamina’s board of directors potentially cause crucial projects delays and disrupt long term plans of the...