Indonesia sends mixed messages

Could Antam''s efforts to buy Freeport be thwarted at the gate?

Lara Wozniak

August 26, 2005

In Indonesia, where politics is always near and dear to business deals, twists are to be expected. Last week, Indonesian state-owned mining company PT Antam Tbk appointed HSBC as its financial advisor for the potential acquisition from the government of a minority stake in PT Freeport Indonesia, which owns and operates the Grasberg gold and copper mine in Papua.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

FinanceAsia wishes you a happy holiday season

FA will have a limited news service over the Christmas and New Year weeks.

December 17, 2024

OCBC expands in 'key growth market' Indonesia by buying HSBC's retail and wealth business

Upon completion of the transaction in 2027, OCBC Indonesia’s AUM will increase by 25% and the bank's credit card balances will grow by more than 150%.

May 05, 2026

Hogan Lovells Cadwalader's Indonesia tie-up hires two partners

The corporate and finance lawyers have joined from A&O Shearman's Indonesian tie-up.

September 18, 2026

BlackRock’s HPS commits up to S$555m to TBS waste platform

The multi-tranche investment will support the Jakarta-based energy company’s organic expansion and acquisitions across Singapore, Indonesia and other Asian markets.

October 27, 2026

Indonesia to raise $2.7bn in sovereign issue amid fiscal deficit challenge

The southeast Asian country continues its diversified sovereign fundraising, while its fiscal deficit for 2025 widened to 2.92%.

January 13, 2026

I Squared to acquire Indonesia’s Cella and strikes A$1.04bn deal for oOh!media

The global infrastructure investor is in the midst of a regional expansion push.

August 11, 2026