ILLUSTRATION. Director of PT Pertamina (Persero) Nicke Widyawati (middle)
Reporter: Great meeting | Editor: Holy Secretary Anna
KONTAN.CO.ID – JAKARTA. Plans for initial public offering or shares initial public offering (IPO) a subsidiary of PT Pertamina constantly reaping the pros and cons.
One of them is questioning the possibility that the shares released will be controlled by a majority of foreign parties.
Pertamina’s Strategy, Portfolio and Business Development Director Iman Rachman explained, in the true IPO plan it could be arranged so that domestic shareholders were dominated by shares.
Read Also: Pertamina Director: IPO is only one funding option for Pertamina capex
“In the IPO there is a public there. We can regulate the public (where) most of them are domestic investors. And they are not in control,” Iman said on the RDP agenda with Commission VII, Monday (29/6).
On the other hand, Faith explained, the IPO process is currently still being studied, especially the Pertamina restructuring process that is still ongoing.
Even though it has become a subholding, Pertamina still has homework to move the assets to subholding.
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