Metro Pacific Investments Corporation (MPCFF)

Metro Pacific-led consortium in talks to buy stake in Indonesian toll company for $750 mln, sources say

A consortium led by Metro Pacific Tollways Corp, the biggest toll road group in the Philippines, is in advanced talks to buy a minority stake in a unit of its Indonesian peer Jasa Marga, in a deal that could fetch $750 million, two sources with knowledge of the matter said. Metro Pacific Tollways, in which Hong Kong's investment firm First Pacific has a 48.1% interest, is aiming to buy a 35% stake in Jasamarga Transjawa Tol, a unit of state-owned Jasa Marga that manages the operation of the Trans Java Toll Road, the sources said.