Jan 6, 2011

UBS Singapore holds 15% Citra Marga

UBS AG Singapore Non-Treaty Omnibus Account, usually acting as a custodian for certain client, has shown itself as new holder of 301.25 million shares or 15.06% in toll road operator PT Citra Marga Nusaphala Persada Tbk (CMNP).
Indrawan Sumantri, Citra Marga Director, in an official statement to Indonesia Stock Exchange (IDX), said UBS AG Singapore shareholding in Citra Marga lifted up from 0.06% or 1.25 million shares. But, no detail information who is investor behind the foreign custodian. Post divestment PT Bhakti Investama Tbk (BHIT) owns 72.06 million shares or 3.60% stake. From the disposal, Bhakti bagged Rp510 billion. 
A rumor said Bhakti sold Citra Marga to Indonesian tycoon Prajogo Pangestu, controlling shareholder of PT Barito Pacific Tbk (BRPT).
Disclosure: No position at the stock mentioned above.

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