Prajogo Pangestu Buys Rp 9.6 Billion Worth of Barito Renewables Energy
Jakarta. Indonesian tycoon Prajogo Pangestu has increased his stake in Barito Renewables Energy (BREN) after snapping up one million shares in a series of on-market transactions on Jan. 15, 2026.
According to a disclosure filed with the Indonesia Stock Exchange on Monday, Prajogo purchased the shares at prices ranging from Rp 9,525 to Rp 9,675 per share, spending a total of Rp 9.6 billion ($566,425).
The largest chunk of the purchase comprised 262,000 shares at Rp 9,650 per share, followed by 238,500 shares at Rp 9,600. Other transactions included 101,700 shares at Rp 9,575; 102,700 shares at Rp 9,625; 107,600 shares at Rp 9,525; 96,700 shares at Rp 9,675; and 90,800 shares at Rp 9,550.
Prajogo said the transactions were conducted for personal investment purposes.
Following the purchases, his ownership in BREN edged up to 140,789,700 shares, equivalent to 0.105%, from 139,789,700 shares or 0.104% previously.
BREN shares were trading 1.03% lower at Rp 9,600 during the first session of Monday’s trading.
Tags: Keywords:Related Articles
Indonesia’s Tycoons Take a Beating as MSCI Loses Patience
Indonesia’s richest man Prajogo Pangestu lost $1.8 billion in a day after MSCI removed three of his flagship companies from its indexes.
MSCI-Deletions Trigger Sharp Selloff in Indonesian Stocks
Indonesian stocks slide after MSCI removes six companies from its global standard index, raising concerns over foreign outflows.
Blue-Chip Selloff Deepens in Jakarta as MSCI Review Nears
Indonesian stocks fell ahead of MSCI’s review as the IDX flagged four companies for unusual trading activity.
Barito Renewables Posts $53 Million Q1 Profit on Strong Geothermal Output
New projects are expected to lift the company’s total geothermal capacity to more than 1,000 MW by the end of 2026.
IDX Lifts Lid on HSC Stocks as MSCI Risk Hits BREN, DSSA
IDX has detailed how it flags stocks with concentrated ownership as MSCI keeps restrictions in place, with BREN and DSSA sliding sharply.
IDX Flags Eight Firms with High Ownership Concentration in First Disclosure
IDX names eight firms with highly concentrated ownership, flagging potential liquidity risks in first-ever disclosure list.
BCA Reclaims Top Spot as Indonesia’s Most Valuable Listed Company
BCA regains top spot on IDX with Rp 827 trillion market cap, overtaking BREN as shares in both companies decline year to date.
Prabowo Holds Closed-Door Talks With Tycoons on Jobs and National Development
Prabowo met leading tycoons in Bogor, urging job-creating investment and closer government-business collaboration to boost growth.
Indonesia’s Richest Man Moves to Buy Back Shares Amid Market Volatility
CDIA plans a Rp 1 trillion share buyback funded by internal cash, aiming to stabilize investor sentiment after recent volatility on the IDX.
Barito Renewables to Buyback Shares Worth Up to $120 Million
BREN plans a share buyback of up to Rp2 trillion using internal cash to support share performance amid volatile markets.The Latest
Dear Mr. President, Don’t Skip ASEAN Summits
Despite calls for Prabowo to stay home, the Indonesian leader still needs to attend ASEAN summits.
PLN Rushes Coal Supplies After Power Outages Hit Java
PLN is rushing to secure coal supplies after shortages triggered rolling blackouts across Java, disrupting businesses and daily life.
Japan-Backed ADB Invests in Indonesia’s Human Capital
As many as 399 Indonesian awardees have joined the ADB-Japan Scholarship Program from 1988 to 2024.
Indonesian Stocks Rise Despite Foreign Outflows as MSCI Review Looms
Indonesia's JCI rose 2.8% as easing geopolitical tensions offset foreign outflows, MSCI concerns and rupiah pressures.
World Cup 2026: Paraguay Holds Off Turkey With 10 Men to Keep Knockout Hopes Alive
Matias Galarza scored after 65 seconds as 10-man Paraguay beat Turkey 1-0, eliminating the Turks and securing first place for the US.Most Popular
