Jakarta –
The Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia opened his voice about the divestment of shares in PT Vale Indonesia Tbk. Divestment is a condition for Vale’s extension, whose contract expires in 2025.
According to Bahlil, the government is still calculating the decision. The government wants to get maximum results while still protecting investors.
“Yes, we are calculating correctly regarding the extension from Vale. Mr. President gave directions so that the country can get good, maximum results, but we also take care of the investors. What form, waiting for the decision, is still under discussion,” he said when met in Jakarta, Saturday ( 8/7/2023).
Previously, ESDM Minister Arifin Tasrif said PT Vale Indonesia Tbk would divest 14% of its shares to continue operations in Indonesia. This figure is above the provisions that must be released, namely 11%.
“The last percentage is 11 plus 3, so with 14 (%), the composition of MIND ID will be bigger. That’s all for now,” he said at the Ministry of Energy and Mineral Resources, Central Jakarta, Friday (7/7/2023).
Arifin explained that the Vale divestment is currently under discussion. “In process,” he said.
Arifin said that Vale had not announced the price of the shares to be divested. However, he hoped that Vale would be more flexible.
“The basics are first agreed upon and later… The point is that Vale wants to be more flexible about prices. We hope that this is the case,” he said.
(hns/hns)
2023-07-08 14:37:52
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