Indonesia's Pertamina geothermal unit targets as much as $652 mln in IPO

Kitco Media
By Reuters
Published:
Updated:
Reuters
JAKARTA, Feb 1 (Reuters) - Indonesia's Pertamina Geothermal Energy, a unit of state energy company Pertamina, plans to offer as much as 25% of its stake in an initial public offering this month to raise a maximum 9.78 trillion rupiah ($652.00 million) in proceeds. The shares would be offered at 820 rupiah to 945 rupiah a piece, the company said in a prospectus on Wednesday and would launch book building on the same day. ($1 = 15,000.0000 rupiah) (Reporting by Fransiska Nangoy Editing by Ed Davies)

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