Jakarta ● Fri, January 14, 2022
State-owned Pertamina Geothermal Energy (PGE) is expected to go public on the Indonesia Stock Exchange in the first half of this year to finance business development.
Deputy State-Owned Enterprises Minister Pahala Mansury said on Thursday that the initial public offering (IPO) was expected to raise between US$400 million and $500 million.
IPO proceeds would be used over the next three to four years to optimize power plants, develop green products and conduct exploration activities.
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