#Corporate Action
Pollux Hotels Group secures full CGIF guarantee for US$32 million sustainability-linked bond
PT Pollux Hotels Group is issuing its first Sustainability-Linked Bond (SLB) at up to Rp500 billion (US$32 million), backed by an unconditional and irrevocable guarantee from the Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank (ADB).
Attorney General’s Office probes Telkom’s investment in GoTo
The Attorney General’s Office (AGO) has launched an investigation into state-owned telecommunications giant PT Telkom Indonesia’s (TLKM) investment in tech firm PT GoTo Gojek Tokopedia (GOTO), a legal move that adds fresh scrutiny to one of the country’s most high-profile digital sector tie-ups.
MedcoEnergi buys major stakes in South Sumatra gas blocks from Repsol
Indonesian oil and gas firm MedcoEnergi has agreed to acquire significant stakes in two South Sumatra gas blocks from Spanish energy company Repsol in a deal worth around US$90 million, the company announced on Tuesday, September 16, 2025.
MedcoEnergi acquires Repsol’s participating interest in Corridor PSC
Energy company PT Medco Internasional (MEDC) has strengthened its position in the domestic gas sector with a major acquisition from Spain’s Repsol E&P S.à.r.l., purchasing a 24 percent indirect participating interest in the Corridor Block for US$425 million (Rp6.8 trillion).
Pertamina NRE acquires stake in Philippine energy firm CREC for US$120 million
State-owned energy company subholding, PT Pertamina New & Renewable Energy (Pertamina NRE), has acquired a 20 percent stake in Citicore Renewable Energy Corporation (CREC), a leading renewable energy developer in the Philippines, through a share subscription agreement valued at US$120 million.