Indonesia sovereign wealth fund to invest up to $800m in Mitratel IPO

Photo by Tony Stoddard on Unsplash

Indonesia’s new wealth fund has pledged an investment of $500 million to $800 million in Mitratel‘s initial public offering, Bloomberg News reported, citing a deputy minister.

The fund, Indonesia Investment Authority, will enter as an anchor investor through common bookbuilding without privilege, the report said on Monday, citing an interview with Kartika Wirjoatmodjo, a deputy minister at State-Owned Enterprises ministry in the country.

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