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NEM Nemetschek SE

92.00
-1.30 (-1.39%)
28 Jun 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type
Nemetschek SE TG:NEM Tradegate Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.30 -1.39% 92.00 91.90 92.10 93.35 91.65 93.30 1,207 22:50:02

Indonesia Fin Min:To Seek Deadline Extension For Newmont Buy

11/09/2009 12:38pm

Dow Jones News


Nemetschek (TG:NEM)
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From Jun 2019 to Jun 2024

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Indonesia's government will seek to extend by 180 days the Sept. 27 deadline on its planned purchase of a stake in Newmont Mining Corp.'s (NEM) local unit, Finance Minister Sri Mulyani Indrawati said Friday.

"The government will ask for more time...to allow (us) to refine our offer" for the stake in PT Newmont Nusa Tenggara, or PTNNT, Mulyani told reporters.

The government plans to buy at least 14% of PTNNT, which is due to be divested by Newmont to local buyers. Newmont's contract stipulates that it must sell 51% of PTNNT to local buyers by next year.

Part of that comprises stakes in the unit that were scheduled to be sold in previous years. The sales were delayed by problems with negotiations.

An international arbitration panel in March ruled that the stakes must be sold by Sept. 27.

-By Linda Silaen, Dow Jones Newswires; 62 21 3983 1277; Reuben.Carder@dowjones.com

 
 

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1 Year Nemetschek Chart

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