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TRIBUNMANADO.CO.ID, JAKARTA – The process of creating a holding company or holding company owned by the State Oil and Gas (BUMN Migas) entered into a new phase
Friday (29/6), PT Perusahaan Gas Negara Tbk (PGN) formally signed a conditional purchase agreement with PT Pertamina
Rachmat Hutama, general secretary of PGN, said that With the signing of this CSPA, PGN becomes a 51% shareholder in Pertagas. 19659002] The next step, in accordance with the CSGA, will be completed within the next 90 days
The integration of gas distribution activities aims to improve energy security through the management of connected gas infrastructure. Western Indonesia (Arun) to East Indonesia. (Papua)
"We have pbaded a stage of the process of integration between PGN and Pertagas," Rachmat said Friday (29/6).
Deputy Minister of Mines, Industry According to Harry Sampurno, Director of Strategic Affairs and Media, this agreement became the basis for the acquisition of Pertagas shares by PGN. "There is an acquisition, the purchase of Pertamina shares in Pertagas by PGN," he said.
However, Dawn declined to mention the acquisition value of the Pertagas shares. He said that as a public company listed on the Indonesian Stock Exchange, PGN will formally announce the value of this acquisition. "PGN will explain the technique and the evaluation," said Fajar.
Fajar added that this Pertagas acquisition transaction does not require the approval of the general meeting of shareholders (GMS).
As a note, referring to the Bapepam rules KEP-614 / BL / 2011 regarding significant transactions and changes in core business, the limitation of material transactions is 20% to 50% of the equity of the society. Each issuer is required to hold a GMS if the value of the transaction exceeds 50% of the equity.
Well, in this Pertagas transaction, the management of PGAS uses the audited financial statements for 2017. On the basis of the PGAS financial report for December 2017, GAAS equity value of $ 3.18 billion. In other words, the acquisition value of 51% of the Pertagas shares is less than 1.59 billion US dollars.
ENRG Out of Loss
The financial performance of PT Energi Mega Persada Tbk (ENRG) is improving. The previously losing position has now become a profit.
Throughout 2017, ENRG posted a net profit of 24.65 million US dollars. In 2016, the ENRG lost 345.26 million US dollars
Indeed, the revenues of the ENRG decreased by 40% to 316.97 million US dollars. "It's because we have not had ONWJ Block and Semirah since last year," said Syailendra Bakrie, deputy general manager of the ENRG, Friday (29/6).
Since then, ENRG has focused on more profitable oil and gas wells. At the same time, ENRG has also managed to function effectively.
"We have reduced interest costs by about 13%," said Edoardus Windoe, ENRG's chief financial officer at the same occasion.
This is the result of repayment of loans made last year. Similar plans will continue this year. In such a way as to give the impact of a similar efficiency. (Dityasa Hanin Forddanta / Febrina Ratna Iskana / Azis Husaini)
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