Feb 26, 2025
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Bakrieland plans to raise $224 mln from a unit IPO, placement
"We're meeting the prospective underwriters to look at our option on the plan," Thaib said, adding that the IPO will be followed by a private placement to a strategic investor.Thaib declined to give further details on how much the stake will be offered but said Bakrieland plans to hold only 20 percent in the unit in the long term.Bakrie Toll Road currently operates a 35-km (22-mile) Kanci-Pajagan toll-road section in Java. ($1 = 8,927.5 rupiah)
Bakrieland plans to raise $224 mln from a unit IPO, placement
"We're meeting the prospective underwriters to look at our option on the plan," Thaib said, adding that the IPO will be followed by a private placement to a strategic investor.Thaib declined to give further details on how much the stake will be offered but said Bakrieland plans to hold only 20 percent in the unit in the long term.Bakrie Toll Road currently operates a 35-km (22-mile) Kanci-Pajagan toll-road section in Java. ($1 = 8,927.5 rupiah)