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Indonesia's Golden Energy Plans $550M IPO

Golden Energy Mines is planning to raise about $550 million through an initial public offering in November.

    Golden Energy Minesis planning to raise about $550 million through an initial public offering (IPO) in November,Reutersreports. The offering has been delayed a number of times in 2011 because of uncertainty over its valuation.

    India’sGMR Infrastructurewill be an anchor investor for the listing, acquiring a stake of between 10 percent and 20 percent. The coal unit of Indonesia’s biggest conglomerateSinar Mas GroupappointedSinar Mas Sekuritasas the lead underwriter and is in talks withUBSandCIMB Securities随着全球阿兰gers.

    Click here for the story fromReuters.

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