The Metro Pacific Tollways Corporation (MPTC) has completed the sale of its 10.32 per cent stake in Indonesian infrastructure firm PT Margautama Nusantara (MUN) to a Japanese consortium comprising West Nippon Expressway, Japan Expressway International Company Limited and the Japan Overseas Infrastructure Investment Corporation for Transport and Urban Development. In a disclosure, MPTC parent Metro Pacific Investments Corporation announced that the transaction, amounting to $35.2 million, was sealed on May 8, 2020, through its unit CIIF Infrastructure Holdings Sdn Bhd. However, MPTC would continue to hold majority ownership in MUN through Nusantara Infrastructure Tbk.
