Jan 26, 2012

Indika Energy & Petrosea shares placement

Energy integrated company PT Indika Energy Tbk (INDY) has finally initiated a bookbuilding of shares placement in PT Petrosea Tbk (PTRO) yesterday.
The price is expected to be set early next month, while Citi and Macquarie have been mandated by Indika as the joint coordinator and bookrunner for the shares placement. How much shares of Petrosea to be re-floated by Indika? Any strategy to lure interest of stellar financial investors? Please login or register to read the remaining story.    

Disclosure: No position at the stock mentioned above. 
 
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