Wednesday, September 3, 2008

CIMB-GK handles the restructuring of Pertamina subsidiary company

PT Pertamina has appointed PT CIMB-GK Securities Indonesia the financial advisor for the subsidiary company restructuring.
Formerly, there were four securities companies competed for being Pertamina financial advisors including PT CIMB-GK Securities Indonesia, PT Bahana Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas.
The CIMG-GK will also sort out the subsidiary company with possible restructuring through initial public offering (IPO) mechanism with the subsidiary company that has possibility to be sold to strategic investors. Thus, Pertamina and its subsidiary company could be categorized into go public company.
Last year, Pertamina appointed Bahana Securities to make review on the company restructuring. Then, PT Mandiri Sekuritas handled the preparation of Pertamina as the would-be go public company.

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