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Chinese tech firms, including Lazada’s top investor, Alibaba Group Holding, have poured at least $6 billion into nearly every aspect of Indonesian e-commerce.
Waskita Karya and Jasa Marga are in the process of selling some shares in several toll roads in the form of private equity funds
‘White knight’ Evergreen had been due to acquire a holding company for Bumiputera, which has more liabilities than assets.
President Soelistyo also raised the possibility of a dual-listing after Indonesia, but said a decision on where hasn’t been made.
The country currently has four unicorns – Go-Jek, travel site Traveloka, and market places Bukalapak and Tokopedia.
The Japanese lender’s CEO said last month the company is keen to raise its stake to a majority in BTPN if Indonesian authorities permit.
The sale of new shares would be part of its stake sale to a strategic investor, where it planned to sell a 20% stake.
GMF AeroAsia expects to raise $200 million from selling a 20% stake to a strategic buyer.
Indonesia and Papua have long pushed for greater control over Grasberg and the new ownership structure may ease tensions.
A successful transaction could become the biggest acquisition of an Indonesian firm on record.