Sugiharto send new letter to Cemex
After a cabinet meeting last week and Cemex's rejection to the earlier letter sent on behalf of the government, MSOE Sugiharto sent a new letter on Friday asking Cemex's understanding on the demand to exercise the right of refusal over 25.5% shares divestment in PT Semen Gresik Tbk.
People close to the issue said over the weekend that Sugiharto reiterated government's intention to buyback 25.5% shares through a third party assigned consortium.
"But just like the previous one, Cemex most likely would turn down Sugiharto's proposal," he said.
Earlier in the week, a cabinet meeting was split on the buyback issue as both chief economic minister Boediono and finance minister Sri Mulyani Indrawati backed off the plan and only Sugiharto insisted to do so. After the meeting, Sugiharto was reportedly met VP Jusuf Kalla to convince the leader on the plan.
"It's clear that Sugiharto is not going to let this over soon," he said.
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People close to the issue said over the weekend that Sugiharto reiterated government's intention to buyback 25.5% shares through a third party assigned consortium.
"But just like the previous one, Cemex most likely would turn down Sugiharto's proposal," he said.
Earlier in the week, a cabinet meeting was split on the buyback issue as both chief economic minister Boediono and finance minister Sri Mulyani Indrawati backed off the plan and only Sugiharto insisted to do so. After the meeting, Sugiharto was reportedly met VP Jusuf Kalla to convince the leader on the plan.
"It's clear that Sugiharto is not going to let this over soon," he said.
Labels: Sri Mulyani, Sugiharto
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posted by yosef at 10:29 AM
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