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Indonesia Energy Stocks Surge: Grab-GoTo Deal Sparks Interest
Friday, Jun 6, 2025 7:18 pm ET1min read
Indonesia Energy Corporation Limited rose 2.75% in after-hours trading. The company's stock price increase may be attributed to the news that Indonesia's sovereign wealth fund, Danantara Indonesia, is in early talks with GoTo to acquire a stake in the combined entity of and GoTo. This potential deal could ease concerns from the Indonesian government regarding Singapore-headquartered Grab owning the country's largest tech firm.
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