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Govt Expects Freeport`s Share Divestment to Be Complete in 2019
Wednesday, 11 October, 2017 | 22:04 WIB
Govt Expects Freeport`s Share Divestment to Be Complete in 2019

TEMPO.CO, Jakarta - State-Owned Enterprises Minister Rini Soemarno said the divestment of 51 percent of Freeport`s shares will be completed in the first quarter of 2019.

“We demand the divestment process and the calculation to be completed in the first quarter of 2019,” Rini said at the Coordinating Economic Affairs Ministry on Wednesday, October 11.

According to Rini, the government is still discussing the investment certainty, which is currently handled by the Finance Ministry. In terms of the share value to be divested, the minister said that the number is still being negotiated.

Earlier, Freeport McMoran Inc. CEO Richard Adkerson sent a letter to the government in relation to the share divestment plan. The letter was sent on September 28, 2017, to Finance Ministry's secretary general Hadiyanto.

Freeport's Adkerson in the letter said that he had received the government’s position for the divestment plan. He also expressed his disagreement with the statement included in a document and clarified inaccuracies in the government’s position.

HENDARTYO HANGGI



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