Danantara CIO says Freeport Divestment Unlikely to Be Free

Indonesia and Freeport-McMoRan Inc. have almost finalized a deal for the US miner to divest additional shares in its local unit, according to the chief investment officer of the country’s Danantara sovereign wealth fund.
Talks are ongoing for the government to take an additional stake in PT Freeport Indonesia, which operates the giant Grasberg copper mine, Danantara CIO Pandu Sjahrir said in an interview with Bloomberg TV on Wednesday. He declined to disclose the price of the divestment, but said the shares were unlikely to be acquired for free.