PT Aneka Gas Industri Tbk (IFC-38908)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
Java, Sumatra, Kalimantan, Sulawesi, Bali and West Nusa Tenggara
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 20, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
ANEKA GAS INDUSTRI, PT
The holder of the loan, grant, or other investment.
Sectors
  • Energy
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 11.04 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 64.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Oct 13, 2018

Disclosed by Bank Sep 30, 2016


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Project Description

According to IFC website, the project involves an equity investment of approximately $11 million in PT Aneka Gas Industri Tbk, the largest producer and distributor of industrial gases in Indonesia with approximately 30% market share. This investment is in conjunction with an Initial Public Offering (IPO) expected to be completed on September 28, 2016, with the listing of the company on the Indonesia Stock Exchange.

PT. Aneka Gas Industri Tbk is the largest vertically integrated producer and distributor of industrial gases in Indonesia, with a presence across frontier regions including the islands of Sumatra, Kalimantan, Sulawesi and West Nusa Tenggara.

Investment Description
  • International Finance Corporation (IFC)
Contact Information

Contact Person: Mr. Rachmat Harsono
Company Name: PT Aneka Gas Industri Tbk.
Address: Gedung UGM Samator Pendidikan Tower A, 6th floor.
Jl. Dr. Sahardjo No. 83, Manggarai, Tebet,
Jakarta Selatan 12850, Indonesia
Email: mailto:rachmat@anekagas.com
Phone: +62 21 8370 9111
Facsimile: +62 21 8370 9911

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/