The government will accelerate the privatization of several state-owned enterprises (SOEs) this year. Labels: Internet News
“Privatization that has already been approved by the House of Representatives (DPR) must be speeded up,” Sofyan Djalil, SOE Minister, told reporters at the Presidential Office, Jakarta, yesterday (7/5).
Sofyan was installed as SOE Minister recently, replacing Sugiharto in the cabinet reshuffle announced by President Susilo Bambang Yudhoyono, on Monday (7/5).
In addition to BNI, he said that SOE privatizations to be accelerated include PT Wijaya Karya and PT Jasa Marga.
“As regards Garuda (Indonesia), I don't know yet,” said Sofyan
According to him, another privatization that must be accelerated include further divestment and the rights issue of PT Bank Negara Indonesia because this has already have approved by DPR members.
“With right issue to market, capitalization will be strong,” said Sofyan.
DPR in fact approved BNI privatization using a secondary public offering of 15 percent and rights issue of 15 percent with an additional option of five percent.
Maximum divestment is 35 percent and minimum 30 percent.
Currently, 99.17 percent of BNI shares is owned by the government and the remainder by the public.
Divestment of BNI shares is aimed at fulfilling privatization target in the State Budget by Rp3.3 trillion.
Further BNI divestment is targeted to be realized in the first half of this year.
Wijaya Karya will carry out an initial public offering (IPO) of 35 percent with targeted proceeds of Rp500 billion.
As regards Jasa Marga, it will offer 30 percent shares in an IPO, with proceeds target of Rp2 trillion.
__________
tempo
