#Qatar's Nebras Said to Mull More Than $1 Billion Indonesian Sale - Bloomberg

Qatar's Nebras Said to Mull More Than $1 Billion Indonesian Sale - Bloomberg:

Qatari energy investment firm Nebras Power QSC is considering selling its stake in PT Paiton Energy, one of Indonesia’s largest independently owned power producers, according to people familiar with the matter.

Nebras’s 35.5 percent holding in Paiton could be valued at more than $1 billion, the people said, asking not to be identified as the matter is private. Nebras has held initial talks with potential financial advisers, but hasn’t started a formal sale process, the people said.

Qatar, one of the world’s biggest liquefied natural gas producers, set up Doha-based Nebras in 2014 to help build a portfolio of global power assets. The company is controlled by Qatar Electricity & Water Co. and the state sovereign wealth fund. Nebras acquired its stake in Paiton from French utility Engie SA in 2016.