Jakarta — Indonesia is currently reviewing the size and timing of an initial public offering of the upstream unit of state energy company Pertamina, the deputy minister for state-owned enterprises said on Thursday.
Pahala Mansury told reporters a 5% to 10% stake of Petamina Hulu Energi is being considered for the IPO, but no decision has been reached. (Reporting by Bernadette Christina; Writing by Fransiska Nangoy; Editing by Martin Petty) – Reuters
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