GIC to buy 33% stake in Indonesian toll road firm Margautama Nusantara for $211m

GIC to buy 33% stake in Indonesian toll road firm Margautama Nusantara for $211m

Vehicles on road during daytime. Source: Alexander Schimmeck/Unsplash

Singapore sovereign wealth fund GIC will acquire a 33% stake in the Indonesian toll road operator PT Margautama Nusantara for 3.31 trillion rupiah ($211 million), according to a stock exchange filing by Hong Kong-listed First Pacific, which is an affiliate company of Margautama and an investment arm of the conglomerate Salim Group.

Edited by: Pramod Mathew

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