KONTAN.CO.ID - JAKARTA. Indonesia's State-Owned Enterprise Minister Erick Thohir said on Friday he aimed to group units of state oil and gas company PT Pertamina into "sub-holdings" and launch initial public offerings within two years. Thohir is trying to revamp hundreds of Indonesian state companies to boost profitability, as well as improve transparency and public trust. In the case of Pertamina, he wants to create more sub-holdings to group upstream units, as well as downstream and trading units, and prepare them to be publicly listed companies.
Indonesia targets IPOs of Pertamina sub-holdings within two years
KONTAN.CO.ID - JAKARTA. Indonesia's State-Owned Enterprise Minister Erick Thohir said on Friday he aimed to group units of state oil and gas company PT Pertamina into "sub-holdings" and launch initial public offerings within two years. Thohir is trying to revamp hundreds of Indonesian state companies to boost profitability, as well as improve transparency and public trust. In the case of Pertamina, he wants to create more sub-holdings to group upstream units, as well as downstream and trading units, and prepare them to be publicly listed companies.