Jakarta (ANTARA News) - The government, in this case the state minister for state enterprises, will soon propose the privatisation of another ten state companies following approval to privatise 12 state-owned enterprises, a minister said.
Previously, the House of Representatives (DPR) had approved a proposal to privatize three state enterprises, state minister for state enterprises, Sofyan Jalil said here on Friday.
"I will try to privatize 10 state-owned enterprises next year and hopefully the good ones will be privatized by way of an Initial Public Offering (IPO)," Sofyan Jalil said in responding questions from the press.
He declined to elaborate on the 10 state companies, and he will give details only after their privatisation has received approval of the Hosue of Representatives (DPR).
The proposal is submitted by the state ministry of state companies to the privatisation committee chaired by coordinating minister for economy Boediono.
Should the committee accept the proposal, I will discuss it with the House including total number of of shares to be relinquished.
Under the 2007 privatisation program, 15 of the proposed 17 state firms will be divested, the two proposed firms are Krakatau Steel and BTN.
Three of the 15 state-owned firms would be divested by means of a going-public scheme, namely PT BNI Tbk, PT Wijaya Karya and PT Jasa Marga.
Another five firms which will be divested by strategic sales or going-public include PT Garuda Indonesia, PT Merpati Nusantara Airlines, PT PNM, PT IGLAS, and PT Cambrics Primissima.
One state-owned firm, PT ISI will be liquidated because it is impossible to privatize it.
Meanwhile in the privatisation of six other companies, namely PT Jakarta International Hotel Development, PT Atmindo, PT Intirub, PT Prasadha Pamunah Limbah Industri, PT Kertas Blabak, and PT Kertas Basuki Rahmat, the government`s stake in the companies will have to be relinquished.
The minister said that the privatisation will support and benefit the state-owned firms.
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