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The acquisition agreement of Pertagas shares by PGN will be done in the next 90 days
REPUBLIKA.CO.ID, JAKARTA – PT Perusahaan Negara Gas, Tbk (PGN) a formally acquired a subsidiary of PT Pertamina (Persero), PT Pertagas, over the last week. The acquisition process was marked by the signing of the agreement of sale and conditional purchase of the two companies.
Unfortunately, despite the signing of the share purchase agreement, PGN has not been opened as to the value of shares acquired from Pertagas. The secretary of the PGN company, Rachmat Hutama, explained that his party could not explain the total value of the shares.
"Waiting for an official explanation according to the rules of the OJK," said Rachmat at the following address: Republika . ] Rachmat explained that the acquisition of shares will be done within 90 days of the signing of the conditional sale agreement.
Previously, Deputy Minister of Mining, Strategic Industries and Public Affairs, Fajar Harry Sampurno, explained that Pertagas' badets would not reach US $ 2.5 billion, or about 34.7 trillion rupiahs. In 2017, the total badets of PGN reached 6.3 billion US dollars. While the liabilities of the company amounted to 3.1 billion US dollars. "The integration of Pertagas and PGN is a manifestation of BUMN's efforts in the performance of its development agent tasks without neglecting efforts to increase the value of the company and encourage the Economy and national energy security by managing gas infrastructure linking west to east of Indonesia.
PGN president, Jobi Triananda, said that 39, integration of his company and Pertagas would create several advantages.This advantage can be appreciated in 2024.
One of the advantages is the increase in PGN income around $ 0.5 to 1 billion, or about 14 trillion rupees a year This benefit is achieved because there is no longer overlapping infrastructure.Subsequent resources such as FSRU Lampung will be merged with Nusantara Regas.
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