Friday, November 26, 2010

Rajawali take over Nusantara Infrastruktur

Rajawali Group has finally acquired 23.6% holdings in PT Nusantara Infrastructure Tbk , toll road operator, at IDR448 billion or IDR140 per share.
Credit Suise Securities bought 6.5 billion stakes or 48% of its total shares in Nusantara at IDR140 per share.
Infrastructure Growth Fund controls 52.25% stake in Nusantara and Bosowa Trading holds 17.48% stake. Previously Rajawali competed with Astra Group to buy Nusantara Infrastructure.
Rajawali Group as an investment company will focus its business on three sectors, namely property, plantation and mining.

No comments: