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  1. Divestment
waskita-to-divest-5-toll-roads-to-2-investors

JAKARTA – PT Waskita Karya Tbk (WSKT) will divest 5 of its toll road to 2 investors. Both of these investors are domestic investors and foreign investors. For information, a due diligence process is currently underway for the sale of the 5 toll roads. Haris Gunawan, Waskita’s Finance Director said, “We expect 4-5 toll segments....

inalum-signs-preliminary-agreement-for-vale-divestment

Jakarta. Indonesia Asahan Aluminium, the state-owned mining holding company, has entered into a preliminary agreement with Vale Indonesia and two of its shareholders – Vale Canada and Sumitomo Metal Mining – to acquire 20% of the shares in the company, Indonesia’s largest nickel producer, Vale Indonesia said in a statement on Monday. Last week,┬áthe government....

indolife-becomes-new-shareholder-in-bank-mega

JAKARTA. PT Indolife Pensiontama (ILP) has become a new shareholder in PT Bank Mega Tbk (MEGA) with a 6.07% stake following a cross trade of over 422.807 million shares at the end of 2020. According to a report published by the Indonesian Central Securities Depository (ICSD) on 4 January 2021, Indolife, the Salim Group’s insurance arm, currently....