Indonesian state fertiliser firm Pupuk Kaltim mulls $500m IPO

Indonesian state fertiliser firm Pupuk Kaltim mulls $500m IPO

A man takes pictures inside the Indonesia Stock Exchange building in Jakarta, Indonesia, September 6, 2018. REUTERS/Willy Kurniawan

Indonesian state-owned fertiliser company PT Pupuk Kalimantan Timur is planning an initial public offering (IPO) in Jakarta this year that could raise about $500 million, two sources with direct knowledge of the matter said.