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Bisnis.com JAKARTA – PT Perusahaan Negara Gas (Persero) Tbk. considering the two-step payment option for the acquisition of PT Pertamina Gas for a total value of 16.6 trillion rupees
As is known, Perusahaan Gas Negara (PGN) and PT Pertamina ( Persero) signed the Conditional Sales Contract Purchase Agreement (CSPA). The subject of the transaction in the agreement is 51% Pertamina shares Pertagas property valued at 16,600 billion rupees
Under the ACPS, PGN has 90 days to complete the Pertagas stock purchase transaction. This means that the transactions must be completed by September 2018.
Triananda Hasjim, chairman of PGN, explained that his party is in talks with Holding BUMN Migas regarding payment in two stages
"This year , next year. "Jobi said that the payment plan is divided by 50% percentage in the first stage and 50% in the second phase. Thus, the coded transmitter PGAS should spend 8.3 trillion Rp in the first phase.
He revealed that the company is still considering options for second-stage funding sources. That is, PGAS will take into account the market situation.
"We are looking for options here considering the right time to borrow money." All [obligasi]]
With the consolidation , the two companies own 96% of the national gas infrastructure.It gives more value to the shareholders and according to the government strategy by forming the BUMN Migas Holding
Note that PGN will work on the gas pipeline development project. West Java to Central Java This infrastructure will complement the currently studied Central Java-East Java Pipeline Network
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