Indonesia Port Corporation & Garuda Indonesia to List Units
State-owned port and harbor services operator Indonesia Port Corporation (IPC, also known as Pelabuhan Indonesia II or Pelindo II) plans to list its subsidiary Jasa Armada Indonesia on the Indonesia Stock Exchange in December 2017. IPC eyes to generate up to IDR 2.5 trillion (approx. USD $188 million) by selling a 30 percent stake in its unit.