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Indonesia has 'no clear structure' for Freeport stake purchase yet

Indonesia has 'no clear structure' for Freeport stake purchase yet
From Reuters - November 23, 2017

JAKARTA (Reuters) - Indonesias State Owned Enterprise Ministry, tipped to oversee an acquisition of a majority stake in the local unit of Freeport-McMoRan Inc, has no clear structure yet for the deal, a ministry official said on Friday.

The government needed to be careful as the interests of Rio Tinto, which has a joint venture with Freeport in Indonesia, have not been accommodated into government plans for the acquisition yet, Deputy Minister for State-Owned Enterprise Fajar Harry Sampurno said.

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