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Inalum Ready to Finance ROEs to Buy Freeport Shares

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Editor

24 July 2018 13:38 WIB

One of the factories in the complex PT Indonesia Asahan Aluminium (Inalum) at Kuala Tanjung, North Sumatera (5/12). Tempo/Abdi Purmono

TEMPO.CO, Jakarta - Regionally-owned Enterprises (ROE) will get a 10-percent shares in Freeport Indonesia, from the 51 percent owned by the government via Inalum. If ROEs don’t have the fund to buy the shares, Inalum said they are ready to help with financing.

Inalum president director Budi Gunadi Sadikin said the company can pay for ROEs portion first. "We will help regional governments to actuate this transaction," Budi said here on Monday, July 23.

Budi said that by owning shares in Freeport, regional enterprises will have access to profits such as dividends. The dividends can then be used to pay back the fund lent by Inalum.

"We can pay for it first and they can pay us back with dividends," Budi said.

Budi did not mention anything about the financing scheme just yet, and said he will make calculations and hold discussion with regional governments first.

CAESAR AKBAR


Mining IndustryFreeport Indonesia


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