Four of these, Pelabuhan Tanjung Priok, Car Terminal Indonesia, Multi Terminal Indonesia and Container Terminal, are expected to do their initial public offerings (IPOs) by 2016, while the fifth firm is expected to open its offering by the end of 2017.
Each of the listings will probably see between 20% and 25% of their shares released to the public, president director Richard Lino was quoted as saying.
The five firms are top ports among Pelindo II’s 14 subsidiaries, producing between 55% and 60% of the group's revenue. Pelindo II itself has no plans to go public, Lino added.
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