Nov 30, 2010

Mitra Bahtera eyeing US$200 mio IPO

PT Mitra Bahtera SegaraSejati, a coal transporting company, plans to hold its initial public offering (IPO) next year with US$200 million proceed.
Two underwriters, according to a person familiar with this action, are mandated for organizing the IPO.
“Mandiri Securities and OSK Nusadana Securities will help in the IPO. If I’m not mistaken, it will be around 15% [of shares to be released],” the person said yesterday.
Director of Company's Assessment in Indonesia Stock Exchange Eddy Sugito confirmed the plan.
“They have disclosed the plan to the market authority. As far as I know, the underwriters are Mandiri Sekuritas and OSK Nusadana.”
Mitra Bahtera focuses on transporting coal, but it has additional facilities such as fuel storage and maintenance.

Disclosure: No position at the stock mentioned above. 
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