Rajawali group owned by tycoon Peter Sondakh plans to divest 24.9 percent shares at PT Semen Gresik Tbk which is targeted to tap some IDR9 trillion or US$900 million proceeds. Rajawali Group has appointed Danareksa Sekuritas and JP Morgan as the financial advisors.
On May 3, 2006, Rajawali Group took 24.9 percent shares of Semen Gresik from Cemex with US$337 million price. Upon referring to the targeted IDR9 trillion funds or worth US$900 million, the investment firm will rack up US$563 million margin or about IDR5.34 trillion from earlier funds budgeted for the acquisition of cement plant here.
Now the floating Semen Gresik stocks are about 5.93 billion units and Rajawali Group through the special purpose vehicle (SPV) firm, Blue Valley Holdings Pte Ltd, owns 1.47 billion shares. Referring to the targeted fund and divested stocks, Rajawali will sell at a par value of IDR6,097.
Rajawali acquired 24.9 percent Semen Gresik shares from Cemex following the dispute involving the Mexican cement plant and the government in 2006.
Rajawali acquired 24.9 percent Semen Gresik shares from Cemex following the dispute involving the Mexican cement plant and the government in 2006.
3 comments:
Good mind, good find.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
Good story...exclusive and correct
Post a Comment