Rajawali Group sells stake in Nusantara Infrastructure
Arif Gunawan Sulistiyono
The Jakarta Post
PT Rajawali Corpora through PT Hijau Makmur Sejahtera has sold its 21 percent stake in PT Nusantara Infrastructure (META), equivalent to 3.2 billion shares, to PT Matahari Kapital Indonesia (MKI).
The share sale was held last Friday, at Rp 270 per share or equivalent to Rp 864 billion (US$6.4 million) in total. After the transaction, Rajawali still owns 22 percent stake in META, through Eagle Infrastructure.
Satrio Tjai, the Rajawali Group managing director said the decision to sell the shares was based on a consideration that the group had always been a minority shareholder in META. The group would always look for future opportunities to invest again in the infrastructure sector.
“We will keep developing the business potential that is in line with the Rajawali Group’s business criteria to provide added value for the national economy and for other stakeholders,” he said in Jakarta on Tuesday.
The share purchase was executed just as the government works hard to expedite development in the infrastructure sector to support national economic growth and provide equality of public access to infrastructure. (ags)
- List of moderate Islamic preachers needed: Scholar
- US warns Syria of 'firm' action over southern offensive
- Colombia to become first Latin American NATO 'global partner'
- Out of South Africa, reminiscing the indelible Eden
- New Terrorism Law no silver bullet, says rights researcher
- Pair of Japanese premium melons sell for record $29,300
- Prisoners evacuated from flooded Pekalongan Penitentiary
- Police shut down illegal gold mines in Riau
- Dutch, Australia say Russia behind downing MH17
- France arrests two spies for passing secrets to China