MUN Acquires 40% of MBZ Toll Operator
21 December 2022
Author: Administrator
The Company’s subsidiary, PT Margautama Nusantara (MUN), officially owns 40% of the shares in PT Jasamarga Jalanlayang Cikampek (PT JJC), a subsidiary of PT Jasa Marga (Persero) Tbk, which manages the Mohamed Bin Zayed Flyover (MBZ). The “PT JJC 40% Share Purchase Ceremony” was held on 21 December 2022 at the Glass House, The Ritz Carlton, Pacific Place, Jakarta, to mark the completion of the entire transaction process.
This series of acquisitions was preceded by the signing of a conditional sale and purchase agreement (CSPA) on June 30, 2022. Following that, on October 7, MUN held an Extraordinary General Meeting of Shareholders to seek shareholder approval for the corporate action to be taken. MUN and Jasa Marga then signed a Sales Purchase Agreement (SPA) on October 10, 2022.
Then, on December 19, 2022, MUN held an Extraordinary GMS to finalize the acquisition transaction and make changes to MUN’s organizational structure by welcoming Arie Setiadi Moerwanto as Commissioner. MUN finally completed the acquisition process on December 21, 2022.
