PTPN V and VII to Set Up Holding Company

JAKARTA (Yosefardi) – The government had approved the restructuring process of state plantation companies, PT Perkebunan Nusantara (PTPN) V and PTPN VII through the establishment of holding company.

The holding company will launch the initial public offering (IPO), to raise funds for expansion and replanting program.

The government intends to offer to public 30% shares of PTPN V and 40% shares of PTPN VII. PTPN VII operates in South Sumatra, Lampung and Bengkulu while PTPN V operates in Riau province.