Indonesia: Pertamina’s unit Tugu Pratama to raise $220m via IPO

Indonesia: Pertamina’s unit Tugu Pratama to raise $220m via IPO

Visual from the company website

PT Tugu Pratama Indonesia, a unit of state-owned oil and gas company Pertamina, will raise $220 million through an initial public offering this year. The company is slated to release up to 40 per cent of its shares.

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