Astra, CPPIB offers US$500m for majority stake in Lintas Marga Sedaya to Khazanah Nasional
Astra Infra, a unit of Astra International, in partnership with the Canada Pension Plan Investment Board, has offered about US$500 million to the Malaysian sovereign wealth fund, Khazanah Nasional, for the 55% stake acquisition in the Indonesian toll-road operator, Lintas Marga Sedaya.
Lintas Marga Sedaya is the operator and the current concession holder of a 117 km toll road that connects Jakarta to Cirebon in the western part of the Java island.
Khazanah owns 55% in Lintas Marga Sedaya while the remaining stakes are controlled by Astra Infra.
Country updates
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September 17, 2019
Mitsui & Co sets to sell stake in Columbia Asia Healthcare , Asian Hospital Group
Mitsui & Co., Ltd is selling its stake in International Columbia U.S. (ICU), a holding company that has invested in, and controls the hospitals and clinics of Columbia Asia Group in Mala...
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August 27, 2019
Indonesia Public-Private Partnership in Transportation Sector for the Year 2019
Ministry of Transportation in Indonesia has always encouraged the involvement of the private sector in the development of transportation projects. The Public-Private Partnership (PPP) procurement is o...
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July 17, 2019
Indonesia 2019 Infrastructure Projects Plan
Ministry of National Development Planning/ National Development Planning Agency (BAPPENAS) in Indonesia via Directorate of Public-Private Partnership and Design has issued "Public-Private Partnership...
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May 30, 2019
Winner for USD1.5bn satellite PPP project in Indonesia
Ministry of Communication and Information Technology of Indonesia has selected Pasifik Satelit Nusantara (PSN) consortium as preferred bidder in the tender for the SATRIA satellite PPP project. T...
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January 04, 2019
RFEOI launched for advisors for hospital project
PT Penjaminan Infrastructure Indonesia (Persero) (PT PII) has issued a Request for Expression of Interest (RFEOI) for project preparation and transaction advisory work for the Zainoel Abidin Hospital...
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