RI Will Hold Majority with Vale Divestment, Official Says

So far, Vale and MIND ID have reportedly reached agreements on several points, notably on the distribution of shareholder rights following the divestment.

Redaksi

9 Nov 2023 - 18.55
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RI Will Hold Majority with Vale Divestment, Official Says

Illustration - A number of PT Vale Indonesia (INCO) employees.

Bisnis, JAKARTA — The Indonesian government is set to become the majority shareholder of PT Vale Indonesia Tbk (INCO) after the divestment process of the remaining shares of the Brazil-based nickel mining company.

Although negotiations between PT Mineral Industri Indonesia (Persero) or MIND ID and INCO shareholders are still not out of the woods, the fate of the remaining divestments now awaits the final decision from the state-owned enterprises (SOE) minister.

Up to this point, both Vale and MIND ID have reportedly reached agreements on several issues, notably on the distribution of shareholder rights following the divestment.

As Energy and Mineral Resources (EMR Minister Arifin Tasrif) repeatedly emphasized, the EMR Ministry's authority only extends to mining concession permits. At the same time, the matter of share divestment falls under the authority of the SOE Ministry.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Yusuf Waluyo Jati
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RI Will Hold Majority with Vale Divestment, Official Says

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