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Jakarta Post
The Jakarta Post
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DKI Jakarta, Indonesia
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Jasa Marga to sell stakes in CMNP to finance acquisitions

  • The Jakarta Post

| Wed, April 4 2012 | 09:09 am

PREMIUM State-owned toll road operator PT Jasa Marga (JSMR) is planning to sell its remaining shares in toll road operator PT Citra Marga Nusaphala Persada (CMNP) to raise funds to finance its business expansion.

JSMR is planning to off-load 81.6 million shares, or about 3.8 percent of CMNP’s outstanding shares.

“We have a policy to off-load our minority shares. We want to focus on road...