Konglomerat Business Network Anthony Salim Officially Caplok 40 Percent Management Of The Sheikh Mohamed Bin Zayed Toll Road

JAKARTA - PT Jasa Marga (Persero) Tbk (Jasa Marga) and PT Margautama Nusantara (MUN) have officially signed the Sales Purchase Agreement (SPA) for PT Jasamarga Jalangliang Cikampek (JIC), a subsidiary of PT Jasamarga Transjawa Tol (JTT) which manages the Sheikh Mohamed Bin Zayed Toll Road (MBZ).

Jasa Marga President Director Subakti Syukur said that in the last few months Jasa Marga has had intense discussions and negotiations with the management of PT MUN, so he agreed to continue the signing of the JIC SPA which of course provides benefits to all parties.

I congratulate you on joining PT MUN, which has now become Jasa Marga's strategic partner and PT Ranggi Sugiron Perkasa (RSP) in the entrepreneurship of Jalan Layang MBZ. This toll road is a strategic path that has an important role in the Trans Java Toll Road network with the volume of traffic that continues to grow from year to year," Subakti said in a statement quoted by Antara, Tuesday, October 11.

He believes Jasa Marga and PT MUN have the same vision in realizing professional, efficient and sustainable toll road operations, as well as prioritizing the best service to to toll road users. The signing of the PT JJC SPA was carried out by the President Director of Jasa Marga Subakti Syukur and President Director of PT MUN Danni Hasan.

With the form of the commitment of both parties to sign the SPA, Jasa Marga officially divested 40 percent of Jasa Marga's total 80 percent stake in PT JJC.

After the signing of the SPA, the current composition of shareholders of PT JJC is 40 percent owned by PT JTT which is a subholding of Jasa Marga, 40 percent owned by PT MUN which is a subsidiary of PT NI and another 20 percent owned by PT RSP.

This corporate action is part of Jasa Marga's corporate strategy through an asset recycling program to optimize business portfolios, in order to balance growth and maintain the sustainability of the company's business.

For information, MUN is a subsidiary of PT Nusantara Infrastructure Tbk (META). This company is owned by Metro Pacific Tollways Corporation (MPTC).

Meanwhile, MPTC is part of the First Pacific Investment Corp (MPIC) affiliated with First Pacific Company Limited, a Hong Kong-based company with 44.3 shares owned by conglomerate Anthony Salim.

President Director of PT MUN Danni Hasan said Jalan Layang MBZ is a strategic project that is expected to become one of the Company's leading assets in accordance with the investment target to increase the value of the Company, as well as proof of the concrete contribution of the MUN in terms of supporting the creation of national connectivity.

"After going through a fairly long process, MUN finally officially acquired 40 percent of Jasa Marga's shares on PT JJC while still fulfilling the principles of Good Corporate Governance (GCG)," said Danni.

This corporate action is one of the Company's business strategies for developing strategic toll roads in urban areas with the level of continued growth in traffic growth in the long term.