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Jasa Marga evaluates WIKA shares offering in Surabaya-Mojokerto toll road

18 March 2019 01:19 PM  Company: PT. Wijaya Karya (Persero) Tbk[WIKA]
Rp. 2,080  +95 (4.79%)

JAKARTA - PT Jasa Marga (Persero) Tbk (JSMR) is evaluating the shares offering of PT Wijaya Karya Tbk (WIKA) in PT Jasamarga Surabaya-Mojokerto.

"Jasa Marga is evaluating the shares offering," JSMR Corporate Secretary Agus Setiawan told Kontan.co.id on Friday (15/3).

Mr Setiawan added that the bidding mechanism is carried out to other shareholders in Jasamarga Surabaya-Mojokerto. However, he did not explain the mechanism in detail.

WIKA owns a 20% stake in the toll road, while the rest is owned by JSMR (55%) and PT Moeladi (25%). Currently WIKA is trying to divest a number of toll road sections such as Surabaya-Mojokerto and Manado-Bitung. (MS)

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