Three Indonesian state company IPOs could raise $3b together, says minister

Three Indonesian state company IPOs could raise $3b together, says minister

FILE PHOTO: A general view of the city skyline of Jakarta, the capital city of Indonesia, October 30, 2021. REUTERS/Ajeng Dinar Ulfiana

Indonesia is planning initial public offerings for three nationally held companies over the next year that could potentially raise a combined $3 billion, Minister of State-Owned Enterprises Erick Thohir told Nikkei Asia.