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AKARTA: Bumi Resources non-coal unit, Bumi Resources Minerals, will conduct a roadshow in Europe and Asia for its planned initial public offering (IPO) scheduled at the end of November, an underwriter said.

“With the pre-effective note from capital market regulator Bapepam-LK on Nov. 4, we will soon start the bookbuilding process and international roadshow to several countries in Asia and Europe, starting with a due diligence meeting and public exposé in Jakarta on Nov. 8,” Vicky Ganda Saputra, the executive director of investment bank Danatama Makmur, said.

Danatama and Nomura Indonesia were appointed underwriters for the IPO, while Credit Suisse,
JP Morgan and Nomura International will act as international selling agents.

Bumi Resources Minerals will offer 4.32 billion shares representing 20 percent of its enlarged capital.

The shares will be listed in the Indonesia stock exchange (IDX) on Dec. 2.

The company mines various minerals such as gold, copper, tin and diamond. —JP