CIC allocates US$25 billion investment fund
China Investment Corporations (CIC), Chinese state-owned investment company, allocates US$25 billion to fund investment in Indonesia’s state-owned enterprises (SOEs).
Minister of State Enterprises Mustafa Abubakar affirmed that an initial investment fund of US$2 billion was set to finance its joint operations.
CIC, as Mustafa continued, has interest in several sectors, such as mining and infrastructure sectors.
“CIC is interested in investing in PT Tambang Batubara Bukit Asam, Pelindo III, and PT Perusahaan Listrik Negara (PLN). In mining sector, as an example, CIC is interested to take PT Tambang Batubara Bukit Asam as its partner in constructing infrastructure,” he said during presentation of non-deal road show II at the office of Ministry of SOEs, this afternoon.
CIC will also cooperate with PT PLN to expand power plants in several locations. Meanwhile, Ekoputro Adijayanto, Special Staff to Minister of SOEs, confirmed that the topic of discussion between CIC and state-owned companies varied.
CIC must negotiate directly with the companies as the ministry only acts as the facilitator. Eko added that there are three options for CIC’s expansion to state-owned companies, they were, as a funding partner, a shareholder, or an investor in a joint venture.
The ministry indeed had held a meeting with CIC in China last April, yet the investment, according to Eko, will have not been realized this year.
see: http://www.bisnis.com/en/business/1id197603.html
Minister of State Enterprises Mustafa Abubakar affirmed that an initial investment fund of US$2 billion was set to finance its joint operations.
CIC, as Mustafa continued, has interest in several sectors, such as mining and infrastructure sectors.
“CIC is interested in investing in PT Tambang Batubara Bukit Asam, Pelindo III, and PT Perusahaan Listrik Negara (PLN). In mining sector, as an example, CIC is interested to take PT Tambang Batubara Bukit Asam as its partner in constructing infrastructure,” he said during presentation of non-deal road show II at the office of Ministry of SOEs, this afternoon.
CIC will also cooperate with PT PLN to expand power plants in several locations. Meanwhile, Ekoputro Adijayanto, Special Staff to Minister of SOEs, confirmed that the topic of discussion between CIC and state-owned companies varied.
CIC must negotiate directly with the companies as the ministry only acts as the facilitator. Eko added that there are three options for CIC’s expansion to state-owned companies, they were, as a funding partner, a shareholder, or an investor in a joint venture.
The ministry indeed had held a meeting with CIC in China last April, yet the investment, according to Eko, will have not been realized this year.
see: http://www.bisnis.com/en/business/1id197603.html
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