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Wednesday, 10 August 11
ABM INVESTAMA TO OFFLOAD 20% IPO


Integrated coal mining PT ABM Investama, affiliated company of Tiara Marga Trakindo Group, aims to dispose 20% stake during an initial public offering (IPO) scheduled in October, despite the global equity market turmoil, triggered by the debt rating downgrade of the US by Standard & Poor's on last Friday, as reported by Insider Stories.

A source familiar with the matter said ABM Investama last week held a mini expose in front of directors of Indonesia Stock Exchange as preliminary step of the IPO.

ABM Investama, a sub-holding company of Tiara Marga Trakindo Group founded by Indonesian businessman A.H.K. Hamami, is scouting US$300 million proceed from the IPO. ABM has mandated two stellar underwriters PT Mandiri Sekuritas and PT Macquarie Securities Indonesia.

No spoke person at ABM Investama available for comment. However, IDX Director Eddy Sugito confirmed that ABM presented IPO plan to IDX last week, quoted by Insider Stories



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Monday, 15 August 11
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Sunday, 14 August 11
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Saturday, 13 August 11
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COALspot.com - GMR Infrastructure Investments (Singapore) Pte Ltd, a subsidiary of GMR Infrastructure, has signed conditional sale and purchase agre ...


Friday, 12 August 11
COAL MINERS WILL ALLOW TO CONSTRUCT MINE MOUTH POWER PLANT
COALspot.com - The government is set to draft a regulation to enable construction of steam-fired power plants (PLTU) by coal mining companies for th ...


Friday, 12 August 11
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The dry bulk market has recovered a small fraction of its lost ground this week, with higher returns as a result of increased capesize demand. This ...


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