Indonesia divests entire Indocement stake

JPMorgan completes a $98 million placement for the government.

The Indonesian government eased its budget deficit figures yesterday Thursday following the sale of its remaining 13% stake in Indocement Tunggal Prakarsa. Coming on top of a 176% run up in the company's share price year-to-date, the government could hardly be faulted for the timing of its sale.

The lead manager's job was made slightly tricky, however by a difficult day for Asian equity markets. Following a weak performance in the US overnight, most Asian markets were down,...

To continue reading, please login or register for free

Click for more on: indonesia | divests | entire | indocement | stake

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...