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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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Recent News

Friday, 29 July 11
5300 ADB COAL WILL BE AT US$ 60/TON IN THIS QUARTER - RAIN
COALspot.com - PT Resource Alam Indonesia Tbk (KKGI) seeing the average selling price of its coal for the third quarter of this year will increase t ...


Thursday, 28 July 11
PTBA'S COAL PRICES UP IN H1 2011
COALspot.com - Bukit Asam’s coal prices in the second half of 2011 will expected to be higher than the first half of this year, said Sukrisno, ...


Thursday, 28 July 11
RESOURCE ALAM 1H PROFIT SURGES 208 PERCENT
Indonesia's tenth largest coal miner in term of concessions, PT Resource Alam Indonesia (KKGI), part of Rain Group, today reported a skyrocket net ...


Thursday, 28 July 11
DRY BULK MARKET EDGES FURTHER DOWN ON ADDED PRESSURE - NIKOS ROUSSANOGLOU, HELLENIC SHIPPING
The Baltic Dry Index (BDI), an indicator of dry bulk freight rates has reached new lows this week, with yesterday’s session ending further dow ...


Wednesday, 27 July 11
BLACKSTONE TO INVEST INR 5,000 MILLION (APPRX. US$ 111 MILLION) IN VISA POWER
Press Release -  The Blackstone Group (NYSE: BX) today announced that it will be investing INR 5,000 million (c. USD 111 million) in VISA Power ...


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