Finance Minister Bambang Brodjonegoro:
Divestment Depends on State Finances
IT has been a month since Freeport Indonesia offered its shares, and the government has yet to respond. One of the reasons, according to Finance Minister Bambang Brodjonegoro, is that the government needs to evaluate the nation's overall financial state.
Moreover, the price on offer is no bargain. The company, with its principal based in Phoenix, Arizona, USA, has set the price for 10.64 percent of its shares at US$1.7 billion, or Rp23 trillion. The value, said Executive Vice President of Freeport Indonesia Clementino Lamury, came from an assumption of Freeport's investment after its operational extension in 2021.
February 23, 2016
IT has been a month since Freeport Indonesia offered its shares, and the government has yet to respond. One of the reasons, according to Finance Minister Bambang Brodjonegoro, is that the government needs to evaluate the nation's overall financial state.
Moreover, the price on offer is no bargain. The company, with its principal based in Phoenix, Arizona, USA, has set the price for 10.64 percent of its shares at US$1.7 billion, or Rp23 trillion.
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