KONTAN.CO.ID - SINGAPORE. Indonesian state-owned fertiliser company PT Pupuk Kalimantan Timur is planning an initial public offering (IPO) in Jakarta this year that could raise about $500 million, two sources with direct knowledge of the matter said. At least two banks have been tapped for the deal which will see Pupuk Kalimantan Timur's parent PT Pupuk Indonesia selling up to a 20% stake in the company, the sources told Reuters. Pupuk Indonesia, a national company with businesses ranging from food to logistics, owns 99.99% of Pupuk Kalimantan Timur, which is also known as Pupuk Kaltim, according to its website.
Indonesian State Fertiliser Firm Pupuk Kaltim plans $500 Million IPO - Sources
KONTAN.CO.ID - SINGAPORE. Indonesian state-owned fertiliser company PT Pupuk Kalimantan Timur is planning an initial public offering (IPO) in Jakarta this year that could raise about $500 million, two sources with direct knowledge of the matter said. At least two banks have been tapped for the deal which will see Pupuk Kalimantan Timur's parent PT Pupuk Indonesia selling up to a 20% stake in the company, the sources told Reuters. Pupuk Indonesia, a national company with businesses ranging from food to logistics, owns 99.99% of Pupuk Kalimantan Timur, which is also known as Pupuk Kaltim, according to its website.