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Greater Jakarta: City’s stake in beer company unchanged
Beer firm PT Delta Djakarta has denied a report the Jakarta administration has acquired additional shares in the company
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Beer firm PT Delta Djakarta has denied a report the Jakarta administration has acquired additional shares in the company.
“Since the beginning, the Jakarta administration’s share in PT Delta Djakarta has remained unchanged at 26.25 percent. There has been no increase,” Delta Djakarta president commissioner Sarman Simanjorang said as quoted by kompas.com on Friday.
The Indonesia Stock Exchange (IDX) said in a report on Feb. 25 that the administration’s shares in the company had risen by nearly 3 percent, from 23.33 percent to 26.25 percent.
Delta Djakarta produces various brands of beer, such as Anker, Carlsberg and San Miguel.
According to Sarman, the apparent increase in the administration’s shares highlighted in the report was the result of a merger between the administration and another shareholding unit owned by the administration, the Equity Investment and Management Board (BP-IPM Jaya).
The administration controls 23.34 percent of shares, while BP-IPM Jaya controls 2.91 percent.
Following BP-IPM Jaya’s dissolution, the shares automatically went to the administration.
During the 2017 gubernatorial election campaign period, Jakarta Governor Anies promised to sell the city’s stake in the beer company, citing that its ownership in the company did not contribute to the livelihoods of Jakartans.
Anies also said the company’s profits were insignificant.
