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Inalum Next Target for Divestment, Indonesia Govt Says
Edited by : AL CIRCLE
1 min read
With a stake sale of gold miner Newmont Nusa Tenggara in limbo, the government has set its eyes on the divestment in 2013 of another company controlled by foreigners — Indonesia Asahan Aluminium.
“Is there a plan to buy shares in companies similar to Newmont? I think, yes,” said Soritaon Siregar, head of the Government Investment Center (PIP).
“The closest is Inalum whose contract ends in 2013,” he said, referring to the aluminum company. “PIP will try to buy all of the shares offered.”
After PIP purchases the shares in Inalum, the government will open bidding for domestic companies that want to be involved in the Indonesia-Japan joint venture, Soritaon said.
“Is there a plan to buy shares in companies similar to Newmont? I think, yes,” said Soritaon Siregar, head of the Government Investment Center (PIP).
“The closest is Inalum whose contract ends in 2013,” he said, referring to the aluminum company. “PIP will try to buy all of the shares offered.”
After PIP purchases the shares in Inalum, the government will open bidding for domestic companies that want to be involved in the Indonesia-Japan joint venture, Soritaon said.
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