The GIC-led group and the INA-led consortium are in advanced discussions for the Transjawa Tol stake, according to the people. There are still other parties interested in the asset, the people said. Deliberations are ongoing and may not result in a transaction, they added.
A consortium led by GIC and another group headed by Indonesia Investment Authority are among the final bidders for a stake in one of PT Jasa Marga’s units, according to people familiar with the matter.
The Indonesian state-owned toll road operator is in talks with potential investors to sell about a 35% stake in PT Jasamarga Transjawa Tol, the people said. The stake sale could raise at least US$750 million, said the people, who asked not to be identified as the information is private.
