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Business 7 years ago
PGN officially becomes gas subholding company
State-owned gas distributor PT Perusahaan Gas Negara (PGN) officially became a gas subholding company on Friday after acquiring PT Pertamina Gas (Pertagas), a subsidiary of state-owned oil and gas holding company Pertamina, at a total valuation of Rp 20.18 trillion (US$1.39 billion).
Business 7 years ago
PGN gets shareholders’ approval to acquire Pertagas subsidiaries
State-owned gas company PT Perusahaan Gas Negara (PGN) has said it has obtained shareholders’ approval to acquire four subsidiaries of PT Pertamina Gas (Pertagas), in what is another step toward the establishment of a subholding company.
Business 7 years ago
PGN to finalize Pertagas acquisition next month
State-owned gas firm Perusahaan Gas Negara (PGN) plans to finalize the acquisition of 51 percent of Pertagas, a subsidiary of state-owned oil and gas holding company Pertamina, in December, three months behind the initial deadline.
Business 7 years ago
PGN eyes takeover of Pertagas’ four subsidiaries
State gas company PT Perusahaan Gas Negara (PGN) is finding a way to immediately complete the acquisition of PT Pertagas, a gas subsidiary of state-owned oil and gas holding company Pertamina, whose deal to buy a 51 percent stake of Pertagas was made on June 29.
Business 7 years ago
PGN to disburse $1.2b for Pertagas acquisition
Newly established state-owned gas subholding company PT Perusahaan Gas Negara (PGN), which acquired 51 percent shares in Pertagas, a subsidiary of state energy giant Pertamina, on Friday must disburse US$1.2 billion, according to a public auditor assigned to valuating the shares.
Business 7 years ago
PGN-Pertagas integration to strengthen gas infrastructure, says Rini
The State-owned Enterprises (SOEs) Ministry has said that the integration of state-owned gas distributor PT Perusahaan Gas Negara (PGN) and PT Pertamina Gas, a subsidiary of state-owned energy giant Pertamina, aims to strengthen the national gas infrastructure.
Business 7 years ago
PGN does not need to hold shareholders meeting to acquire Pertagas: Official
State-owned gas distributor PT Perusahaan Gas Negara (PGN) does not need to hold an extraordinary shareholders meeting in connection with its plan to acquire PT Pertagas, a subsidiary of state-owned energy company Pertamina, an official has said.
Business 7 years ago
PGN to discuss gas subholding company ahead of Pertagas integration
State-owned gas distributor PT Perusahaan Gas Negara (PGN) will hold an extraordinary shareholders meeting on June 29 to discuss the plan to establish a subholding company under the planned state-owned oil and gas holding company.
