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Geothermal Boss' Stock Sale

Monday, 20 February 2023

Pertamina Geothermal Energy will offer 25 percent of its shares to the public. Foreign investors are ready to get in, and the geothermal project continues.

A geothermal well in Lahendong, Tomohon, North Sulawesi, in January. Pertamina Geothermal Energy (PGE) will release 10.35 billion shares to the public, or 25 percent of the issued and paid-up capital, at Rp875 per share in its initial public offering (IPO) in February 20-22. ANTARA/Olha Mulalinda . tempo : 168558683083_

THREE days ahead of the initial public offering (IPO) of Pertamina Geothermal Energy or PGE, which is scheduled for February 20-22, David Anwar still has not made a decision yet. The capital market retail investor was still contemplating whether he should buy the shares of Pertamina’s second-tier subsidiary. “(I’m) still monitoring online trading,” the employee of a private company in Jakarta told Tempo on Friday, February


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