Indonesia’s geothermal unit Pertamina aims to raise up to $652 million in IPO |
JAKARTA, Feb 1 (Reuters) – Indonesia’s Pertamina Geothermal Energy, state-owned energy company Pertamina, will pay a maximum of 9.78 trillion rupiah (652.00 million dollars) to raise 25% of its stake in an initial public offering this month offer plans to do. in income.
In the prospectus on Wednesday, the company said that the shares were between 820 rupiah and 945 rupiah offer will be held and book construction will begin on that day.
Public offer of February 20It is scheduled for the 22nd. CSLA Sekuritas Indonesia, Credit Suisse Sekuritas Indonesia and Mandiri Sekuritas were hired as underwriters.
The prospectus states that most of the proceeds from the share sale are expected to be invested in expanding the capacity of its operating geothermal fields.
Pertamina’s chief executive said last year that the company aims to double its geothermal capacity by about 2027-2028, to about 4 billion can cost $.
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Indonesia intends to tap its geothermal resources amid efforts to reduce energy imports and reduce carbon emissions.
($1 = 15,000,0000 rupiah)
Reporting by Fransiska Nangoy Editing by Ed Davies
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2023-02-01 07:42:36
Source – reuters
Translation“24 HOURS”