Bhakti bags IDR510 billion from Citra Marga shares sale

Wandrik Panca Adiguna
Wandrik Panca Adiguna - Bisnis.com 31 Desember 2010  |  01:25 WIB

JAKARTA: Holding investment PT Bhakti Investama Tbk (BHIT) disposes its shareholding in toll road operator PT Citra Marga Nusaphala Persada Tbk (CMNP) on December 27 2010.

After selling its stakes in Citra Marga into the market, Bhakti, controlled by Indonesian tycoon Hary Tenoesoedibjo, last night announced a 12.16% stake or 243.17 million shares disposal in Citra Marga at Rp2,100 per share, enabling Bhakti to bag Rp510.66 billion cash. Bhakti Director Darma Putra, in a public statement to Indonesia Stock Exchange, (IDX) said the company sold Citra Marga as it required to adjust portfolio. However, he didn't declare who is buyer for the bulk of Citra Marga stake. Post disposal, Bhakti's shareholding shrinks to 3.6%. (wiw)

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