JAKARTA (TheInsiderStories) - State owned toll road operator PT Jasa Marga Tbk (IDX:JSMR) plans to divest its stakes in two toll road sections, namely Jakarta Outer Ring Road (JORR) W1 Kebon Jeruk-Penjaringan in West Jakarta and Semarang-Solo toll road. Company President Director Desi Arryani said that Jasa Marga will divest all its stakes in JORR W1 toll road and would divest portion of its shares in Semarang-Solo toll road section.
“We will divest the shares in the first semester this year,” she said, as quoted by Kontan daily. Currently, Jasa Marga holds 29% shares in JORR W1 tol road section, which has a length of 9.7 km. Despite the sale, Jasa Marga will add 235-kilometers’ long of new toll road sections this year. Jasa Marga is the largest toll road operator in the country. (*)