RAJAWALI ‘S NUSANTARA STAKE SOLD

JAKARTA: Indonesian conglomerate Rajawali Group said yesterday it had sold a 21% stake in infrastructure developer PT Nusantara Infrastructure Tbk to PT Matahari Kapital Indonesia for 864 billion rupiah (RM257.6 million). Rajawali, through PT Hijau Makmur Sejahtera, sold 3.2 billion Nusantara shares at 270 rupiah each, the conglomerate said in a statement. Nusantara shares last traded at 177 rupiah – Reuters