In August or September 2016, an initial public offering (IPO) will be launched by Waskita Beton Precast (Waskita Beton) in Indonesia.
Proceeds raised from the IPO will be used by the company for expansion.
It estimated that IDR 3 trillion (€201.65 million/US$227.53 million) to IDR 4 trillion will be raised by the concrete producer from the transaction.
The company is a Waskita Karya unit, and in 2016 output capacity will be raised by Waskita Beton to 2.4 million tonnes.
