PT Sarana Multi Infrastruktur (SMI) has announced intention to acquire 10 to 15 per cent shares in PT Waskita Toll Road, a subsidiary of state-owned PT Waskita Karya Tbk (WSKT). In another possible transaction, Sinar Mas Group said that it is mulling plans to list its power plants assets in an IPO that could reach up to $800 million.
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