MPTC buys 35% stake in Indonesian toll firm

By The Manila Times

Jul 02, 2024 12:23 am

METRO Pacific Tollways Corp. (MPTC), through units PT Margautama Nusantara and PT Metro Pacific Tollways Indonesia Services, and partner GIC have inked a deal to acquire a 35-percent stake worth $1 billion in Indonesian firm Jasamarga Transjawa Tol (JTT).

JTT is a subsidiary of the leading Indonesian state-owned toll road operator, PT Jasa Marga (Persero) Tbk (Jasa Marga).

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