Pertamina?s pension fund buys more shares in Sugih Energy

By Bernard Loebs

State owned oil and gas firm PT Pertamina?s pension fund bought 1,553,098,100 shares in IDX-listed energy firm PT Sugih Energy at the price of Rp 390 per share on Sept. 23, 2015, according to an industrial source.

Prior to the transaction, the fund already held 451,745,000 shares in the firm. The transaction brought its ownership in the firm to 2,004,843,140 shares.

Sugih holds participating interest in Selat Panjang PSC (55%, joint operator), Lemang PSC (49%, non-operator) and Kalyani PSC (85%, operator).

Editing by Johannes Simbolon