Indonesia Semen Baturaja to sell 30 per cent stake via IPO-official

Indonesia Semen Baturaja to sell 30 per cent stake via IPO-official
Published: 10 January 2011

PT Semen Baturaja, an Indonesian state-owned cement maker, plans to sell a stake of about 30 per cent via initial public offering in the first half this year to finance capital expenditure, said Pandu Djajanto, the deputy minister for privatisation at the state enterprises ministry on Monday.