Berau Energy plans IPO in June
Thursday, March 25 2010 - 01:14 AM WIB
PT Berau Energy, parent company of East Kalimantan coal miner PT Berau Coal will float shares at the Indonesian Stock Exchange in June this year to get US$300 million of fresh funds.
Rosan Roeslani, President Director of PT Recapital Advisors which indirectly controls Berau Energy said as quoted by Investor Daily Berau Energy that the Company will offer 20-30% shares to public.
He said the Credit Suisse, CLSA, Danatama Makmur and Recapital Securities as lead underwrites and will hold roadshow to Singapore, Hong Kong, London and New York.
Recapital bought 90 percent stake at Berau Coal last year for $1.48 billion. (*)