PGN rounds off Indonesian privatization programme for 2004

Gas transmission and distribution company prices IPO towards the lower end of its indicative range after investors close their books for the year.

Jackie Horne

December 03, 2003

Perusahaan Gas Negara (PGN) priced its IPO yesterday (Wednesday) towards the lower end of its Rp1,300 to Rp2,100 price range, securing an issue price of Rp1,500 per share.

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