Nov 30, 2010

META plans to invest Rp4 trillion in 2011

Toll road operator PT Nusantara Infrastructure Tbk (META) plans to invest Rp3 trillion-Rp4 trillion in 2011.
M. Ramdani Basri, Nusantara Infrastructure President Director, said the source of financing will be generated from internal cash and loan.
"If they still requires financing, it is open for bond issuance or bank loan," he said. In the next 5 years, META expects to merge or acquire up to Rp40 trillion.
Eagle Infrastructure Fund Limited, Hong Kong-based company, has declared that it bought 22.37% holding in META from Infrastructure Management Co Pte Ltd, general partner of Infrastructure Growth Fund LP, at Rp140 per share or Rp462 billion.
In line with the acquisition, Rajawali Group also purchased 23.6% holding or 3.2 billion shares in META. Rajawali also intends to enlarge shares ownership.  

Disclosure: No position at the stock mentioned above. 

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