Indika seeks to boost free-float in Petrosea to 18%

Pre-marketing starts for a follow-on share sale in Indonesian contract mining and equipment rental company Petrosea that could raise about $100 million.
<div style="text-align: left;"> Petrosea has increased its focus on mining since Indika took over in 2009</div>
<div style="text-align: left;"> Petrosea has increased its focus on mining since Indika took over in 2009</div>
January 10, 2012

Petrosea, an Indonesian engineering, construction, contract mining and equipment rental company owned by Indika Energy, looks set to become one of the first big companies to sell shares to international investors this year after bankers started pre-marketing a follow-on yesterday.

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