Indonesia: PP Energi eyes $368m via 2018 IPO, secondary offering

Indonesia: PP Energi eyes $368m via 2018 IPO, secondary offering

The Stock Exchange of Indonesia | Photo: Bloomberg

State-owned Pembangunan Perumahan (PP) is preparing for an initial public offering of its oil and gas unit PP Energi next year, aiming to raise a total of IDR 5 trillion ($368 million), PP president director Tumiyana told reporters in Jakarta recently.

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