Metro Pacific, GIC to take $1b stake in Indonesian toll road operator

Metro Pacific, GIC to take $1b stake in Indonesian toll road operator

Photo by Hafizh Maryansyah on Unsplash

Metro Pacific Tollways and Singapore sovereign wealth fund, GIC, will take up a stake worth $1 billion in a unit of Indonesian toll road operator, PT Jasa Marga, the affiliate of the Philippines’ Metro Pacific Investments said on Monday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter