DIA Holdings Overseas BV, the largest institutional investor in PT International Nickel Indonesia, sold its entire stake in the company.The shares dropped to a two-month low.
President Director Inco Arif Siregar admitted the transaction has occured.
DIA had owned 2.5 percent stake in PT Inco, as the company is known, making it the largest independent shareholder before the sale. PT Inco shares dropped 1,650 rupiah, or 3 percent, to
54,100 rupiah in Jakarta, the lowest since March 29. It fell as much as 4.4 percent earlier.
Cia Vale do Rio Doce bought International Nickel's parent for C$19.4 billion ($18.1 billion) in January. Nickel futures in London have more than doubled in 12 months, rising to a record on May 9.
Wednesday, May 30, 2007
MNC Raise 3,01 trilion-3,92 trilion
PT Media Nusantara Citra, owner of Indonesia's most-watched television channel like TPI, RCTI. YV Global may raise 3,01 triliun - 3.92 trillion rupiah in the nation's second-
largest initial share sale.
The company, will sell 4.125 billion shares at between 730 rupiah and 950 rupiah apiece, Orias Petrus Moedak, managing director of PT Danareksa Sekuritas, which is helping sell the shares, said to me this night.
The share sale is the biggest since PT Bank Rakyat Indonesia raised 4.17 trillion rupiah in 2003.
largest initial share sale.
The company, will sell 4.125 billion shares at between 730 rupiah and 950 rupiah apiece, Orias Petrus Moedak, managing director of PT Danareksa Sekuritas, which is helping sell the shares, said to me this night.
The share sale is the biggest since PT Bank Rakyat Indonesia raised 4.17 trillion rupiah in 2003.
Sunday, May 27, 2007
Indofood Buy Lonsum IDR 5 Trilion
Subsidiary of PT Indofood Sukses Makmur Tbk, PT Indofood Agri Resources agree, to acquire the majority stake or at least a 64,4% stake in PT Perusahaan Perkebunan London Sumatra Indonesia (Lonsum) with price IDR 5 trilion
SCTV Buy Indosiar
One executive who knows the transaction confides that SCM group, Sariaatmadja-owned holding company of SCTV, is going to buy stakes in PT Indosiar Karya Media Tbk.
In principle, the deal has been reached, but the transaction will be made by private companies in each group. After Indosiar is acquired, SCM will make internal restructuring in Indosiar. So this is close transaction between holding company.
The synergy between SCM and Indosiar is expected to create a new TV giant that can compete with Rajawali Citra Televisi, Media Nusantara Citra, and Televisi Transformasi Indonesia-Trans7 groups.
In principle, the deal has been reached, but the transaction will be made by private companies in each group. After Indosiar is acquired, SCM will make internal restructuring in Indosiar. So this is close transaction between holding company.
The synergy between SCM and Indosiar is expected to create a new TV giant that can compete with Rajawali Citra Televisi, Media Nusantara Citra, and Televisi Transformasi Indonesia-Trans7 groups.
Edwin Still Stay in Bank Mandiri
My source said the government cancel the plan to change the composition or the commissioners Bank Mandiri by replacing the president commissioner, Edwin Gerungan, with Aulia Pohan, the former deputy governor of Bank Indonesia.
Thursday, May 24, 2007
Who replace Edwin Gerungan
My Source took me that, goverment will replace President Comissioner PT Bank Mandiri Tbk Edwin Gerungan
CP Prima Buys Indonesian Shrimp Farm
PT Central Proteinaprima, an Indonesian unit of Asia's biggest poultry producer, won a bid to
buy PT Dipasena Citra Darmaja, an Indonesian shrimp farmer, for 688.1 billion rupiah ($79 million). Its shares surged.
Central Proteinaprima, or CP Prima, is owned by Thailand's Charoen Pokphand Group. It led the Neptune group, whose bid beat an offer from a group known as Kemilau Bintang Timur, the state asset sale agency, President Director PT Perusahaan Pengelola Aset Mohammad Syahrial, said today.
The acquisition will expand the operations area of CP Prima, Indonesia's biggest shrimp breeder, to 202,250 hectares (499,558 acres) from 16,000 hectares. Dipasena has 186,250 hectares of shrimp farm in Lampung in southern Sumatra, according to the asset sale agency.
buy PT Dipasena Citra Darmaja, an Indonesian shrimp farmer, for 688.1 billion rupiah ($79 million). Its shares surged.
Central Proteinaprima, or CP Prima, is owned by Thailand's Charoen Pokphand Group. It led the Neptune group, whose bid beat an offer from a group known as Kemilau Bintang Timur, the state asset sale agency, President Director PT Perusahaan Pengelola Aset Mohammad Syahrial, said today.
The acquisition will expand the operations area of CP Prima, Indonesia's biggest shrimp breeder, to 202,250 hectares (499,558 acres) from 16,000 hectares. Dipasena has 186,250 hectares of shrimp farm in Lampung in southern Sumatra, according to the asset sale agency.
Wednesday, May 23, 2007
CP Prima have big change
My Source told me that CP Prima have a good presentation to bid Dipasena. The Proposal is better than Kemila's one. Now we wait the price ?
Tuesday, May 22, 2007
CP Prima the Winner of Dipasena ???
My Source told me that CP Prima have a bigger chance to win than Kemila Bintang Timur to get Dipasena. But this result depend on bid price from Kemila. Kemila is underdog but don't forget who is the person behind Fund Asia.
Fund Asia, motorized by Robby Djohan and Hendro Marto (brother of Agus DW Martowardojo), to finance the plasma company Dipasena. The company was also supported by bug buyers from the US, Red Chamber, and from Europe, Hotlette.
The State Assets Management Corporation (PPA) has confirmed that the consortia of Neptune and Kemila Timur have met the administrative condition to acquire 100% shares of PT Dipasena Citra Darmaja.
Previously four investors - Consortium of Neptune, Consortium of Thai Royal Aquaculture Business Company Ltd, Laranda Powerindo, and Kemila Timur - were interested in acquiring the offered stakes.
Neptune and Thai Royal have developed consortia, while Laranda and Kemila will become single investors. Consortium of Neptune consists of CP Prima of Charoen Pokphand group of Thailand.
Fund Asia, motorized by Robby Djohan and Hendro Marto (brother of Agus DW Martowardojo), to finance the plasma company Dipasena. The company was also supported by bug buyers from the US, Red Chamber, and from Europe, Hotlette.
The State Assets Management Corporation (PPA) has confirmed that the consortia of Neptune and Kemila Timur have met the administrative condition to acquire 100% shares of PT Dipasena Citra Darmaja.
Previously four investors - Consortium of Neptune, Consortium of Thai Royal Aquaculture Business Company Ltd, Laranda Powerindo, and Kemila Timur - were interested in acquiring the offered stakes.
Neptune and Thai Royal have developed consortia, while Laranda and Kemila will become single investors. Consortium of Neptune consists of CP Prima of Charoen Pokphand group of Thailand.
Monday, May 14, 2007
Who Bid Dipasena ?
Today is last chance for investor to offer bid acquirring 100% stake of PT Dipasena Citra Darmaja.
My source confirm that PT Central Proteinaprima Tbk (CPP) allready propose the bid. CPP appoints PT Truba Alam Manunggal Tbk and PT Wijaya Karya to review and rearrange infrastructures of PT Dipasena Citra Darmaja, integrated shrimp farms.
Considering the large scale of Dipasena infrastructure works, he added, Truba would invite PT Wika to develop the infrastructures. CPP is touted to have made offer to the Assets Management Company (PPA) to become an investor in Dipasena. To show its seriousness to acquire Dipasena, CPP has also hired two international consultants, Barclay and Paribas.
But I haven"t confirmation about Laranda and Kemila. The consortium of Laranda, that operates shrimp ponds in the Philippines and the Middle East, has filed the proposal to the State Assets Management Corporation (PPA) to acquire 100% stakes at Dipasena.
Kemila, a domestic group of companies supported by Fund Asia, is participating to bid 100% shares of PT Dipasena
My source confirm that PT Central Proteinaprima Tbk (CPP) allready propose the bid. CPP appoints PT Truba Alam Manunggal Tbk and PT Wijaya Karya to review and rearrange infrastructures of PT Dipasena Citra Darmaja, integrated shrimp farms.
Considering the large scale of Dipasena infrastructure works, he added, Truba would invite PT Wika to develop the infrastructures. CPP is touted to have made offer to the Assets Management Company (PPA) to become an investor in Dipasena. To show its seriousness to acquire Dipasena, CPP has also hired two international consultants, Barclay and Paribas.
But I haven"t confirmation about Laranda and Kemila. The consortium of Laranda, that operates shrimp ponds in the Philippines and the Middle East, has filed the proposal to the State Assets Management Corporation (PPA) to acquire 100% stakes at Dipasena.
Kemila, a domestic group of companies supported by Fund Asia, is participating to bid 100% shares of PT Dipasena
Sunday, May 13, 2007
Sila Kencana Group Interested in Acquiring Tuban Petro
Sila Kencana Lestari Group expresses its interest in taking over PT Tuban Petrochemical Industries (Tuban Petro) by acquiring a 45% stake of the government-controlled (PPA-controlled) 70% stake in the company.
The acquisition is taken after Hashim S. Djojohadikusumo cancels its plan to acquire the 45% stake.
President Director of the Assets Management Company (PPA) Mohammad Syahrial revealed the measure was taken to service IDR3.2 trillion in debts to the government.
"We have reviewed the plan and PPA has recommended to the government to approve the plan. The transaction can only be realized if approved by the Minister of Finance," he explained me, recently.
He informed PPA would still control a 25% stake in Tuban Petro. "The next option for Tuban Petro will be decided by the government. However, judging from the good market condition, the stake should still be in the hands of the government. Nevertheless, if the government wants us to divest the stake, we will be ready."
PPA has appointed PT Heburinas Nusantara as a consultant to appraise Tuban Petro. The appraisal is expected to be completed in the middle of March this year.
If the acquisition by Sila Kencana Group is realized, the government still has a 25% stake in Tuban Petro, while Sila Kencana Lestari Group, with its additional 45% stake, will seize a 75% stake.
Tuban Petro controls a 59.5% stake in TPPI and a 80% stake in PT Polytama Propindo. The shareholders o Tuban Petro outside of PPA are Itochu Corporation (4.25%), Tuban Petrochemicals Pte Ltd (a subsidiary of Siam Cement PCL, 17%), Sojitz Corporation (4.25%) and the State Oil Company/Pertamina (15%).
Tuban Petro's credit and stock assets that PPA currently has are Multi Years Bond worth IDR3.266 trillion and Mandatory Convertible Bond (MCB) worth IDR4.167 trillion, which are obtained following the restructuring of Tirtamas Majutama Group in IBRA (BPPN).
The MCB represents a 21%-25% stake in PT Trans Pacific Petrochemical Indotama (TPPI). TPPI produces 1,065,000 tons of aromatic products like paraxylene, benzene, toluene, orthoxylene, per year. In addition, TPPI produces 1,624,000 tons of fuel and1.065 million tons of light naphtha annually.
Previously, in the middle of March, Hashim S. Djojohadikusumo was touted to have cancelled his plan to acquire a 45% stake in Tuban Petro of the government-controlled 70% stake.
The acquisition is taken after Hashim S. Djojohadikusumo cancels its plan to acquire the 45% stake.
President Director of the Assets Management Company (PPA) Mohammad Syahrial revealed the measure was taken to service IDR3.2 trillion in debts to the government.
"We have reviewed the plan and PPA has recommended to the government to approve the plan. The transaction can only be realized if approved by the Minister of Finance," he explained me, recently.
He informed PPA would still control a 25% stake in Tuban Petro. "The next option for Tuban Petro will be decided by the government. However, judging from the good market condition, the stake should still be in the hands of the government. Nevertheless, if the government wants us to divest the stake, we will be ready."
PPA has appointed PT Heburinas Nusantara as a consultant to appraise Tuban Petro. The appraisal is expected to be completed in the middle of March this year.
If the acquisition by Sila Kencana Group is realized, the government still has a 25% stake in Tuban Petro, while Sila Kencana Lestari Group, with its additional 45% stake, will seize a 75% stake.
Tuban Petro controls a 59.5% stake in TPPI and a 80% stake in PT Polytama Propindo. The shareholders o Tuban Petro outside of PPA are Itochu Corporation (4.25%), Tuban Petrochemicals Pte Ltd (a subsidiary of Siam Cement PCL, 17%), Sojitz Corporation (4.25%) and the State Oil Company/Pertamina (15%).
Tuban Petro's credit and stock assets that PPA currently has are Multi Years Bond worth IDR3.266 trillion and Mandatory Convertible Bond (MCB) worth IDR4.167 trillion, which are obtained following the restructuring of Tirtamas Majutama Group in IBRA (BPPN).
The MCB represents a 21%-25% stake in PT Trans Pacific Petrochemical Indotama (TPPI). TPPI produces 1,065,000 tons of aromatic products like paraxylene, benzene, toluene, orthoxylene, per year. In addition, TPPI produces 1,624,000 tons of fuel and1.065 million tons of light naphtha annually.
Previously, in the middle of March, Hashim S. Djojohadikusumo was touted to have cancelled his plan to acquire a 45% stake in Tuban Petro of the government-controlled 70% stake.
Sila Kencana Group Interested in Acquiring Tuban Petro
Sila Kencana Lestari Group expresses its interest in taking over PT Tuban Petrochemical Industries (Tuban Petro) by acquiring a 45% stake of the government-controlled (PPA-controlled) 70% stake in the company.
The acquisition is taken after Hashim S. Djojohadikusumo cancels its plan to acquire the 45% stake.
President Director of the Assets Management Company (PPA) Mohammad Syahrial revealed the measure was taken to service IDR3.2 trillion in debts to the government.
"We have reviewed the plan and PPA has recommended to the government to approve the plan. The transaction can only be realized if approved by the Minister of Finance," he explained me, recently.
He informed PPA would still control a 25% stake in Tuban Petro. "The next option for Tuban Petro will be decided by the government. However, judging from the good market condition, the stake should still be in the hands of the government. Nevertheless, if the government wants us to divest the stake, we will be ready."
PPA has appointed PT Heburinas Nusantara as a consultant to appraise Tuban Petro. The appraisal is expected to be completed in the middle of March this year.
If the acquisition by Sila Kencana Group is realized, the government still has a 25% stake in Tuban Petro, while Sila Kencana Lestari Group, with its additional 45% stake, will seize a 75% stake.
Tuban Petro controls a 59.5% stake in TPPI and a 80% stake in PT Polytama Propindo. The shareholders o Tuban Petro outside of PPA are Itochu Corporation (4.25%), Tuban Petrochemicals Pte Ltd (a subsidiary of Siam Cement PCL, 17%), Sojitz Corporation (4.25%) and the State Oil Company/Pertamina (15%).
Tuban Petro's credit and stock assets that PPA currently has are Multi Years Bond worth IDR3.266 trillion and Mandatory Convertible Bond (MCB) worth IDR4.167 trillion, which are obtained following the restructuring of Tirtamas Majutama Group in IBRA (BPPN).
The MCB represents a 21%-25% stake in PT Trans Pacific Petrochemical Indotama (TPPI). TPPI produces 1,065,000 tons of aromatic products like paraxylene, benzene, toluene, orthoxylene, per year. In addition, TPPI produces 1,624,000 tons of fuel and1.065 million tons of light naphtha annually.
Previously, in the middle of March, Hashim S. Djojohadikusumo was touted to have cancelled his plan to acquire a 45% stake in Tuban Petro of the government-controlled 70% stake.
The acquisition is taken after Hashim S. Djojohadikusumo cancels its plan to acquire the 45% stake.
President Director of the Assets Management Company (PPA) Mohammad Syahrial revealed the measure was taken to service IDR3.2 trillion in debts to the government.
"We have reviewed the plan and PPA has recommended to the government to approve the plan. The transaction can only be realized if approved by the Minister of Finance," he explained me, recently.
He informed PPA would still control a 25% stake in Tuban Petro. "The next option for Tuban Petro will be decided by the government. However, judging from the good market condition, the stake should still be in the hands of the government. Nevertheless, if the government wants us to divest the stake, we will be ready."
PPA has appointed PT Heburinas Nusantara as a consultant to appraise Tuban Petro. The appraisal is expected to be completed in the middle of March this year.
If the acquisition by Sila Kencana Group is realized, the government still has a 25% stake in Tuban Petro, while Sila Kencana Lestari Group, with its additional 45% stake, will seize a 75% stake.
Tuban Petro controls a 59.5% stake in TPPI and a 80% stake in PT Polytama Propindo. The shareholders o Tuban Petro outside of PPA are Itochu Corporation (4.25%), Tuban Petrochemicals Pte Ltd (a subsidiary of Siam Cement PCL, 17%), Sojitz Corporation (4.25%) and the State Oil Company/Pertamina (15%).
Tuban Petro's credit and stock assets that PPA currently has are Multi Years Bond worth IDR3.266 trillion and Mandatory Convertible Bond (MCB) worth IDR4.167 trillion, which are obtained following the restructuring of Tirtamas Majutama Group in IBRA (BPPN).
The MCB represents a 21%-25% stake in PT Trans Pacific Petrochemical Indotama (TPPI). TPPI produces 1,065,000 tons of aromatic products like paraxylene, benzene, toluene, orthoxylene, per year. In addition, TPPI produces 1,624,000 tons of fuel and1.065 million tons of light naphtha annually.
Previously, in the middle of March, Hashim S. Djojohadikusumo was touted to have cancelled his plan to acquire a 45% stake in Tuban Petro of the government-controlled 70% stake.
Tuesday, May 1, 2007
Gas Discovery in MedcoEnergi’s US assets
Medco Energi US LLC (“MEUS or the company”) announces success in its first two offshore drilling projects of the 2007 program. The MEUS-operated Brazos 437 #1 well encountered an estimated 55’ of net natural gas pay from multiple zones in the middle Miocene Rob-L and Rob-M series sands. The discovery is located in federal waters approximately 75 miles southwest of Galveston, Texas in 67’ of water. 7 5/8” production casing was run and set at 8,208’. Dual completion operations are currently underway. The company plans to install a caisson and pipeline in order to flow the well to a nearby facility in Brazos block 451. Initial production is expected in 90 – 120 days. MEUS holds a 60% working interest and is the operator in this project.
The company also participated in a successful project drilled by Red Willow Offshore LLC, of Ignacio Colorado. The State Lease 18383 #1, West Delta 52 well encountered 17’ net natural gas pay in the Cris- K2 sand. The discovery is located in Louisiana state waters approximately 75 miles southeast of New Orleans, Louisiana in 7’ of water. 5 1/2” production casing was run and set at 7,835’. Completion operations are currently underway. The company plans to install a caisson and pipeline in order to flow the well to a nearby facility in West Delta 58. Initial production is expected in 90 – 120 days. MEUS holds a 54% working interest in this project.
MEUS is a wholly owned subsidiary of PT Medco Energi Internasional Tbk (“MedcoEnergi”), and specializes in mature field re-development activities in the Gulf of Mexico and coastal areas of Texas and Louisiana, USA.
MedcoEnergi is a publicly listed integrated energy company in Indonesia, with business involvement in oil and gas exploration and production, oil and gas drilling services, methanol production, LPG production and power generation. It has operations in Oman, Libya, and the Gulf of Mexico in the United States and in several areas in Indonesia.
The company also participated in a successful project drilled by Red Willow Offshore LLC, of Ignacio Colorado. The State Lease 18383 #1, West Delta 52 well encountered 17’ net natural gas pay in the Cris- K2 sand. The discovery is located in Louisiana state waters approximately 75 miles southeast of New Orleans, Louisiana in 7’ of water. 5 1/2” production casing was run and set at 7,835’. Completion operations are currently underway. The company plans to install a caisson and pipeline in order to flow the well to a nearby facility in West Delta 58. Initial production is expected in 90 – 120 days. MEUS holds a 54% working interest in this project.
MEUS is a wholly owned subsidiary of PT Medco Energi Internasional Tbk (“MedcoEnergi”), and specializes in mature field re-development activities in the Gulf of Mexico and coastal areas of Texas and Louisiana, USA.
MedcoEnergi is a publicly listed integrated energy company in Indonesia, with business involvement in oil and gas exploration and production, oil and gas drilling services, methanol production, LPG production and power generation. It has operations in Oman, Libya, and the Gulf of Mexico in the United States and in several areas in Indonesia.
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