white bar

SUBSIDIARY NAME

IIB DG PT WANGSA

COUNTRY

INDONESIA

SECTOR/ INDUSTRY

ENERGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

AUGUST 16TH 2021

ACQUISITION VALUATION

12 BILLION USD

TOTAL ASSET VALUATION

120 BILLION USD

ENERGY-OIL-REFINERY-GAS

PT.WANGSA ENERGY PRAKARSA: IIB-DG acquired  PT.Wangsa Energy Prakarsa in August 16th 2021 to implement an integrated oil refinery project (300.000BPD) & petrochemical complex facility in the Special Economic Zone (SEZ) (“the Project”) with private financing by granting shares to the Third-Party Equity provider for the purpose of financing, procuring, constructing, operating and maintaining the Project.

white bar