Nov 26, 2010

Rajawali buys META from Growth Fund

Rajawali Group has finally acquired 23.6% holdings in PT Nusantara Infrastructure Tbk (META), toll road operator, at Rp448 billion or Rp140 per share.
A source said in the negotiation market, Credit Suisse Securities bought 6.5 billion stakes or 48% of its total shares in Nusantara at Rp140 per share.
Infrastructure Growth Fund controls 52.25% stake in Nusantara and Bosowa Trading holds 17.48% stake.
"It seems Rajawali bought Nusantara from Infrastructure Growth. They will bring positive impact to the company," the source said.
Previously Rajawali competed with Astra Group to buy Nusantara Infrastructure.
Ramdani Basri, President Director of Nusantara Infrastructure, hasn't obtained information from shareholders. "We knew about shares crossing in the market, but we haven't obtained any information." 

Disclosure: No position at the stock mentioned above. 

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