Monday, July 27, 2009

Berau appointed 3 underwriter

PT Berau Coal, prepared to list their stocks at the bourse through initial public offering (IPO). and apointed Bahana Securities, Merril Lynch, and Deutsche Securities for underwriter.
In semester I/2009, PT Armadian Tritunggal, the holding company of Berau Coal, mentioned three investment bankers in preparing IPO which will be held in semester II/2009.
ARmadian is still seeking sales of all stocks at Berau Coal to some investors including Peabody Energy Corp and Xstrata Plc through tender.
The due diligence was undertaken by Deutsche Bank AG, Bank of America's Merrill Lynch & Co, and PacBridge Capital Partners which is operated by the former investment banker of the Merrill Sheldon Trainor.

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