Sale concluding for Jakarta port stake

Article Abstract:

The Indonesian government is preparing to announce the winning bid for a controlling stake in its new PT Jakarta International Container Terminal (JICT). JICT operates the Tanjunk Priok port and had four international shipping and port-management firms shortlisted as possible strategic partners: P&O Ports of Australia, Hutchison Whampoa of Hong Kong, International Container Terminal Services of the Phillippines and Stevedoring Services of America. The winning company will be granted a 20-year concession agreement to manage both of the two container terminals at Jakarta, which have a total capacity of 1.5m TEU.

Asset sales & divestitures, Indonesia, Marine cargo handling, Ports, Mergers, acquisitions and divestments, Marine cargo handling industry, PT Jakarta International Container Terminal

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Russian government looks for strategic investors

Article Abstract:

Russia remains committed to privatization, even though only seven companies appear on a preliminary list of those to be privatized in 1999. The only familiar names on the list are LUKoil, Gazprom, and Svyazinvest. Deputy Minister of State Property Sergey Molozhaviy said that the country has changed its privatization strategy. He noted that Russia sees privatization as a means to achieve structural economic reform, not as a way to plug budget holes.

Strategy & planning, Other General Government Support, Russia, National Government Enterprises, Economic policy

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