Four securities companies, PT CIMB-GK Securities Indonesia, PT Bahana Securities, PT Danareksa Sekuritas, dan PT Mandiri Sekuritas, are competing for being the financial advisor for PT Pertamina subsidiary company.
Pertamina has tender for the selection of financial advisor to tackle the restructuring of its subsidiary company.
State Ministry for state enterprise calls Pertamina to promptly realize the initial public offering (IPO) of some subsidiary companies. Last year, Pertamina appointed Bahana Securities, which has worked for six months up to end of last year, to conduct study on the company restructuring.
Currently, one of the Pertamina subsidiary companies is PT Tugu Pratama Indonesia which has been ready to enter the capital market.
Wednesday, August 13, 2008
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