(Bloomberg) -- PT Adaro Indonesia, the nation's
second-largest coal producer, plans to sell shares in what may be
the biggest initial public offering in the Southeast Asian
country.
Adaro may raise as much as $600 million selling between 20
percent and 30 percent of existing and new shares this year, said
three people with knowledge of the plan. The proceeds will be
used to repay debt, said the people, who declined to be
identified because an announcement on the sale is pending.
Read more at Bloomberg Emerging Markets News
second-largest coal producer, plans to sell shares in what may be
the biggest initial public offering in the Southeast Asian
country.
Adaro may raise as much as $600 million selling between 20
percent and 30 percent of existing and new shares this year, said
three people with knowledge of the plan. The proceeds will be
used to repay debt, said the people, who declined to be
identified because an announcement on the sale is pending.
Read more at Bloomberg Emerging Markets News
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