SYDNEY/SINGAPORE: The upstream arm of Indonesia's state energy company Pertamina, Pertamina Hulu Energi, plans to debut on the local bourse in June, after raising at least 20 trillion rupiah ($1.36 billion), two sources with direct knowledge of the matter told Reuters.
The June timing of the initial public offering (IPO), which would be the largest in Southeast Asia so far this year, has not been reported previously. Pertamina Hulu in February delayed its IPO plan over an administrative issue, Indonesia's financial regulator said, without giving a new timeline.
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