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Jasa Marga Eyeing Waskita Karya Subsidiary`s Divestment
Wednesday, 13 September, 2017 | 20:58 WIB
Jasa Marga Eyeing Waskita Karya Subsidiary`s Divestment

TEMPO.CO, Jakarta - State contractor Jasa Marga is interested in the divestment of Waskita Toll Road, a subsidiary of Waskita Karya. Jasa Marga plans to acquire Waskita shares through Mandiri Sekuritas.

"If Waskita Toll Road is on sale, Jasa Marga wants to acquire. The company seeks to consolidate strategic toll road assets and we are eager to acquire or buy majority shares," Mandiri Sekuritas director Silvano Rumantir said here on Wednesday, September 13.

Waskita Toll Road plans to divest its assets. The company plans to sell 10 toll road segments through two investment packages. However, its parent company Waskita Toll Road claimed that they have not received an attractive offer from investors. This plan is still being reviewed.

Silvano is not convinced that the divestment is still being reviewed due to investors' doubts about investing. He said that Jasa Marga is not the only investor with interest in the divestment, and private firms are also eyeing it.

"There is no doubt because the assets have been proven [valuable] and they have good prospects still," he said.

The 10 toll roads listed for divestment are Kranci-Pejagan, Pejagan-Pemalang, Pemalang Batang,  Pasuruan-Probolinggo, Solo-Ngawi, Ngawi-Kertosono, dan Batang-Semarang, Bekasi-Cawang-Kampung Melayu, Medan-Tebing Tinggi, and Kayu Agung-Palembang- Betung. The total cost of the project is Rp115.5 trillion.


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