Article: INDON'S RECAPITAL TO SELL 30% STAKE IN THAMES PAM JAYA VIA IPO.

JAKARTA, July 24 Asia Pulse - Recapital Advisor plans to sell up to 30 per cent stake it has in drinking water supply company PT Thames Pam Jaya (TPJ) in an initial public offering (IPO) planned for next year.

Currently Recapital owns 80 per cent of TPJ through a consortium of Aquatico, which also groups Aquatico Pte Ltd and Glendale Partners.

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