INCO – Ministry of BUMN finalize Vale’s divestment

INCO – Ministry of BUMN finalize Vale’s divestment The Ministry of Energy and Mineral Resources (ESDM) is no longer responsible for Vale Indonesia's (INCO) divestment, which is now overseen by the Ministry of State-Owned Enterprises (BUMN). The divestment process is in its final stages, with Vale willing to sell between 11% and 14% of its shares. Minister of the ESDM stated that the extension of INCO operations, set to conclude in 2025, is dependent on completing the divestment. The ownership structure of INCO includes various entities, and the divestment requirement is at 11%, with INCO indicating a willingness to divest more shares. (Source : Investor Daily)