The Indonesia Investment Authority (INA), in partnership with a Middle-East sovereign wealth fund, is set to make a strategic investment in Pertamina Geothermal Energy’s (PGE) upcoming public issue, according to an underwriter of the issue.
Oki Ramadhana, President Director of Mandiri Sekuritas, one of the underwriters of PGE’s initial public offering (IPO), said the offer has garnered significant interest from retail and strategic investors. “One of the investor institutions is from the Middle-East,” he said at the Mandiri Investment Forum on Wednesday.