PT Berau Coal Energy, the holding firm of the fifth largest coal producer PT Berau Coal, is running again the scheme of divesting the notes worth US600 million amidst the market liquidity squeeze.
The company also targets fresh cash from IPO worth US$100-300 million in August. Thus, Berau Energy aims to get a total of US$900 million proceeds or IDR8.28 trillion (US$1=IDR9,200).
The company will have road show this month Hong Kong, Europe, and US. Recapital Advisor through PT Bukit Mutiara, with 99.6 percent possession, owns Berau Energy completely early this year with acquisition value standing at US$1.48 billion. Prior to the new name of Berau Energy was PT Risco, the holding firm of PT Armadian Tritunggal owned by the children of tycoon Ibrahim Risjad, Selviya Risjad, 10 percent and Rizal Risjad 90 percent.
The company will have road show this month Hong Kong, Europe, and US. Recapital Advisor through PT Bukit Mutiara, with 99.6 percent possession, owns Berau Energy completely early this year with acquisition value standing at US$1.48 billion. Prior to the new name of Berau Energy was PT Risco, the holding firm of PT Armadian Tritunggal owned by the children of tycoon Ibrahim Risjad, Selviya Risjad, 10 percent and Rizal Risjad 90 percent.
All the proceeds will be allocated for organic expansion such as increasing coal production capcity from the unit, Berau Coal, from 14.4 million tons into 18 million tons this year.
The process of Berau Energy IPO has been submitted to Bapepam-LK after the bourse issuing initial listing contract.
No comments:
Post a Comment