Deals
Indonesia Toll Firm Jasa Marga Seeking $300 Million in Unit Stake Sale, Sources Say
- State-backed Jasa Marga picked BNI Sekuritas for the placement
- Company said it plans to list Transjawa Tol unit this year
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PT Jasa Marga, Indonesia’s state-owned toll road operator, is planning a private placement for one of its regional units to bring in a strategic investor.
The Jakarta-listed company could raise about $300 million in the sale of a stake in PT Jasamarga Transjawa Tol, according to a person familiar with the matter, who asked not to be identified as the information is confidential.