Tuesday, July 6, 2010

Credit Suisse & Deutsche Bank handle Krakatau IPO

PT Krakatau Steel, Indonesia's largest steel manufacturer, picks foreign investment banks Credit Suisse (CS) and Deutsche Bank as lead underwriters for initial public offering.
Krakatau Steel plans to sell 20% stakes into the primary stock market in the third quarter to raise US$300 million-US$400 million of cash.
Krakatau Steel also picks three state-owned investment banks PT Bahana Securities, PT Danareksa Sekuritas, and PT Mandiri Sekuritas

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