Locking Divestment through Participating Interest

The government, Rio Tinto and Freeport have reached an agreement on the divestment transaction structure. But they stumbled upon the matter of the company’s future management.

December 25, 2017

IT was already dark when Gatot Trihargo arrived at the finance ministrys Center for Financial Education and Training office, Sunday two weeks ago. Gatot, the Deputy of Financial, Survey and Consultancy Services of the State-Owned Enterprises (BUMN) Ministry, spent a couple of hours there. He normally does not deal with the affairs of state-owned mining companies. Nevertheless, Gatot was asked to represent the BUMN Ministry in the continuing reneg

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