JAKARTA, Aug 26 – PT Krakatau Steel, Indonesia’s biggest steel maker, plans to sell shares equivalent to 19.61 per cent of its enlarged share capital in its initial public offering in November, an exchange official said today.

Eddy Sugito, listing director at Indonesia stock exchange, said the company gave details in its listing document.

Krakatau aims to raise as much as 3.5 trillion rupiah (RM1.23 billion) in the IPO, and has appointed Deutsche Bank and Credit Suisse as international underwriters. – Reuters