Indocement on sale

HeidelbergCement AG, the major shareholder of PT Indocement Tunggal Prakarsa Tbk, divested its 10-15 percent shares through private placement at market.
In the divestment, Heidelberg was assisted by RBS and Mandiri Sekuritas. RBS handles the overseas investors and Mandiri for local investors.
HeidelbergCement, through Birchwood Omnia Limited, UK, owns 65.14 percnet or 2.39 billion Indocement shares. The other shareholders include Salim Group through PT Mekar Perkasa with 13.03 percent possession, and public 21.83 percent.