Deals
GIC-Led Group, INA Consortium Vie for Jasa Marga Unit Stake
- Jasa Marga looking to sell 35% stake in unit for $750 million
- The groups are in advanced talks for stake in Transjawa Tol
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A consortium led by GIC Pte and another group headed by Indonesia Investment Authority are among the final bidders for a stake in one of PT Jasa Marga’s units, according to people familiar with the matter.
The Indonesian state-owned toll road operator is in talks with potential investors to sell about a 35% stake in PT Jasamarga Transjawa Tol, the people said. The stake sale could raise at least $750 million, said the people, who asked not to be identified as the information is private.