Ministry: Credit Inalum does not come from a public bank

Jakarta (ANTARA News) – Gatot Trihargo, Financial Services Assistant, Inquiry and Consultation of the Ministry of Public Enterprises (BUMN), said that no public bank made loans to PT Indonesia Asaham Alumunium (Inalum) to buy 51% of PT Freeport Indonesia. "Nothing," said Gatot after watching the World Cup final at Gelora Bung Karno, Senayan, Jakarta, Sunday night.

Gatot repeatedly confirmed it.

He said that the loan proposed by Inalum (19659002) On July 12, 2018, the chief executive, Inalum Budi Gunadi Sadikin, said that 11 banks were ready to badist the creditor of Inalum. Divestment of Freeport Shares

In addition to bank loans, Inalum will also use internal cash to purchase the majority of the controlling company's shares. The divestment value of 51% of Freeport's shares was US $ 3.85 billion with details of US $ 3.5 billion allocated to Rio Tinto's equity participation and US $ 350 million to Indocopper.

Inalum must indeed hold the shares of Indocopper, so that the stake in PT FI could be majority or 51%.

By the way, the position of the cash dollar of Inalum reached $ 1.5 billion

Freeport-Mcmoran Inc. (FCX), agreed on the head of the disinvestment agreement (HoA) of the 51% stake in PT FI on Friday, (12/7).

With the existence of HoA, the organizational structure and the price of the divestment has been finalized so that there will be no further changes even if the transaction is still in the process of completion.

In addition, he will finalize the formation of a joint venture agreement.

Pewarta: Indra Arief Pribadi
Ed or: Ruslan Burhani
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