Freeport Indonesia hopes to sell 10.64% stake through IPO

Freeport Indonesia hopes to sell 10.64% stake through IPO

Trucks operate in the open-pit mine of PT Freeport's Grasberg copper and gold mine complex near Timika, in the eastern region of Papua, Indonesia on September 19, 2015 in this photo taken by Antara Foto. REUTERS/Muhammad Adimaja/Antara Foto

The Indonesian subsidiary of Freeport McMoRan Inc hopes to sell a 10.64 percent stake through an initial public offering, its new chief executive said on Wednesday.

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