JAKARTA -- Indonesian nickel company Trimegah Bangun Persada, a unit of the Harita Group natural resources conglomerate, is seeking to raise up to 15.12 trillion rupiah ($983 million) in an initial public offering next month, the company said on Friday, as it aims to expand capacity and further develop Indonesia's vast potential in the metal.
IPO
Indonesia nickel miner TBP aims for nearly $1bn in local IPO
Unit of resources conglomerate Harita Group plans April stock exchange listing
Indonesian nickel miner and processor Trimegah Bangun Persada aims to raise nearly $1bn in an IPO amid demand for the metal in EV batteries. Roy Arman Arfandy, the company's president director, stands second from left. (Photo by Ismi Damayant)
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