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Indonesia's Pertamina to buy 20% stake in PH's Citicore Renewables for $115m

Indonesia's Pertamina to buy 20% stake in PH's Citicore Renewables for $115m

PHILE PHOTO: A view of state-owned oil giant Pertamina's refinery unit IV in Cilacap, Central Java, Indonesia January 13, 2016. REUTERS/Darren Whiteside/File Photo

Philippines-based Citicore Renewable Energy on Friday said Indonesian state-owned oil firm Pertamina will buy a 20% stake in the pure-play renewable energy company for 6.70 billion pesos ($114.8 million).

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