Monday, July 2, 2007

Adaro May Seek $600 Million in Record Indonesia IPO

PT Adaro Indonesia, the nation's second-largest coal producer, plans to sell shares in what may be the biggest initial public offering in Indonesia.

Adaro may raise as much as $600 million selling between 20 percent and 30 percent of existing and new shares this yearAdaro is considering hiring Goldman Sachs Group Inc. and UBS AG as advisers for the share sale,

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