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Indonesia's exchange may sell its share in IPO - newspaper

Thomson Reuters

07.05.09, 11:27 PM EDT
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JAKARTA, July 6 (Reuters) - Indonesia's stock exchange (IDX) is considering an initial public offering (IPO) in order to raise funds for its expansion, the Jakarta Post reported on Monday, quoting the president director of the exchange.

'We hope the plan will unfold throughout the next three years of my tenure,' said Ito Warsito, newly appointed president of the exchange, the Post reported.




IDX is currently owned by 119 securities houses, each with an equal voting right. Ito said the plan would take some time as it requires demutualisation, changing the ownership structure to become a profit-oriented public firm.

(Reporting by Dicky Kristanto; Editing by Sara Webb)

((ga.arka@thomsonreuters.com; Reuters Messaging: ga.arka.reuters.com@reuters.net; +62 21 384 6364 ext 911)) Keywords: INDONESIA EXCHANGE/IPO

(If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)

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