Metro Pacific and GIC to take stake worth $1 bln in Indonesian toll road-operator-February 2024-www.financetom.com

Metro Pacific and GIC to take stake worth $1 bln in Indonesian toll road-operator

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Metro Pacific and GIC to take stake worth $1 bln in Indonesian toll road-operator

Jul 1, 2024 2:39 AM

July 1 (Reuters) - Metro Pacific Tollways, an affiliate

of Philippines' Metro Pacific Investments ( MPCFF ) on Monday

said it will, together with global investment firm, GIC, take up

a 35% stake worth $1 billion in a unit of Indonesian toll road

operator, PT Jasa Marga (Persero).

(Reporting by Rishav Chatterjee in Bengaluru)

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