INCO - Oning netiation for 14% stake divestment

Mind Id continued netiating with Vale Indonesia (INCO) regarding divestment process of 14% and it has prepared a budget for it. This corporation action responded Minerba regulation for IUPK with controlling foreign ownership to divest to vernment. (Source : Kontan) Comment : It's seen as vernment strategy on reverting asset in the country with controlling proportion. We see that positive metal outlook becomes a backbone of this divestment push that will gain more impact particularly for APBN.