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List of 19 SOEs that will IPO, Starting at the end of 2021 : Okezone Economy

JAKARTA – A number of companies BUMN ready to be listed on the Indonesia Stock Exchange (IDX). The Company consists of SOEs and their subsidiaries from a number of clusters.

The Initial Public Offering (IPO) plan will begin at the end of 2021 for the next few years. Currently, the preparation process is being targeted by shareholders.

From the news archive of MNC Portal Indonesia, it is recorded that there are five subsidiaries of PT Pertamina (Persero) that will conduct an IPO. Meanwhile, PT Telkom Indonesia (Persero) Tbk, will list the shares of its two subsidiaries.

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In the health cluster, there is the Holding Holding for Pharmaceutical SOEs, PT Bio Farma (Persero) which will also be on the floor in Indonesia’s primary market. Then Indonesia Healthcare Corporation (IHC) or PT Pertamina Bina Medika (Persero).

Not only that, there are SOEs in the banking, agriculture, and mining sectors, to the Nusantara Plantation Holding or PTPN III (Persero).

The list of SOEs and their subsidiaries that are listed on the IDX include:

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Pertamina’s Subsidiaries:

PT Pertamina International Shipping (Persero)

PT Pertamina Geothermal Energy (Persero)

PT Pertamina Hulu Energi (Persero)

PT Steam Power Plant (Persero)

PT Pertamina Downstream (Persero).

Health Sector:

PT Indonesia Healthcare Corporation (Persero)

PT Bio Farma (Persero)

Telecommunications Sector:

PT PT Dayamitra Telekomunikasi or Mitratel (Persero)

PT Telkom Data Center (Persero)

Agriculture and Mining Sector:

PT EDC and Payment Gateway (Persero)

PT Pupuk Kalimantan Timur (Persero)

PT Inalum Operating (Persero)

PT MIND ID (Persero)

PT Logam Mulia (Persero)

In the construction sector, there is the name of a subsidiary of PT Adhi Karya (Persero), PT Adhi Commuter Properti (ADCP). Currently, the administrative process is being reviewed by the Financial Services Authority (OJK).

Then, Holding Perkebunan Nusantara or PTPN III will also list its assets on the IDX. Even so, the shareholders have not specified when the management of the SOEs in the food sector will begin to go public.

Erick also confirmed that a subsidiary of PT Krakatau Steel (Persero) Tbk (KRAS) would be listed on the primary market. The listing of shares will be carried out by a subsidiary in the industrial estate sector. Currently, KRAS is conducting consolidation and restructuring. Erick said that the process is to ensure the company’s financial structure improves before its subsidiary conducts an IPO.

The three KRAS subsidiaries with the most potential for an IPO are PT Krakatau Tirta Industri, PT Krakatau Bandar Samudera, PT Industrial Estate.

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