Medco Power to launch IPO in 2015-2016
Wednesday, January 22 2014 - 01:23 AM WIB
By Hiski Darmayana
Electricity company PT Medco Power Indonesia plans to launch an initial public offering (IPO) next year or in 2016.
This was disclosed by Michael Soeryadjaya, Director of IDX-listed investment firm PT Saratoga Investama Sedaya Tbk, which controls 51 percent shares of Medco Power Indonesia, on Tuesday following a shareholders meeting.
He did not provide further details including the IPO proceeds target.
Editing by Reiner Simanjuntak