PT Pertamina will sell 66,67 percent stake or 36,588 share in subsidiary company, PT Patra Jasa. The asset management corporation (PT Perusahaan Pengelola Aset/PPA) help Pertamina to dispose the asset.
Pertamina owns 99.98 percent of Patra Jasa shares, with the rest held by Pertamina’s subsidiary company PT Patra Niaga. Pertamina offers the stakes for IDR2.377 trillion as the based price.
Patra Jasa concentrates on property sector. It has hotels, office buildings, and houses. Most of its assets are located in strategic location throughout Indonesia. Pertamina will focused in core business, oil and gas.
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