Metro Pacific, GIC to take $1b stake in Indonesian toll road operator

Metro Pacific, GIC to take $1b stake in Indonesian toll road operator

Photo by Hafizh Maryansyah on Unsplash

Metro Pacific Tollways and Singapore sovereign wealth fund, GIC, will take up a stake worth $1 billion in a unit of Indonesian toll road operator, PT Jasa Marga, the affiliate of the Philippines’ Metro Pacific Investments said on Monday.