Energy integrated company PT Indika Energy Tbk (INDY) set the price for shares sale of Petrosea at Rp36,000 a share, giving Indika a Rp738 billion gain or more than 200% capital gain.
Director Wishnu Wardhana at Indika, as quoted by Bisnis Indonesia
today, said the company has placed 28.99 million shares or 28.75% stake
in Petrosea to public investors at Rp36,000 a share. From the shares
sale, Indika has bagged Rp1.04 trillion proceed.
In 2009, Indika held a tender offer for the remaining shares in Petrosea
at Rp10,402 a share, giving a 246% capital gain for the 3 years
investment.
However, a
source familiar with the matter said the final price is below the
initial range previously set by Indika and two joint bookrunners for the
placement, Citi and Macquarie.
"During
a book building, Citi set the shares placement within the range of
Rp44,500-Rp51,500 a share, reflecting a 6.7x-7.7x PER in 2012," the
source told Insider Stories.
During
the sale, Indika also provides a greenshoe option of 3.75% stake into
the shares placement. Citi and Macquarie schedules to price the sale on
February 2 2012.
Disclosure: No position at the stock mentioned above.
Print This Article
0 comments:
Post a Comment