CPPIB takes stake in LMS
Canada Pension Plan Investment Board has acquired a 45 percent stake in PT Lintas Marga Sedaya, the concession holder and operator of the Cikopo-Palimanan toll road. No financial terms were disclosed. The investment will be made in partnership with PT Baskhara Utama Sedaya, a subsidiary of PT Astra Tol Nusantara. CPPIB and BUS will jointly acquire the 55 percent stake currently held by PLUS Expressways International Berhad, a subsidiary of the UEM Group.
19 September 2019•3 mins read
