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.