KUALA LUMPUR: Khazanah Nasional Bhd., Malaysia’s sovereign wealth fund, received an offer of about $500 million for its stake in an Indonesian toll-road operator, according to a person familiar with the matter.
Indonesia’s Astra Infra teamed up with the Canada Pension Plan Investment Board in bidding for PT Lintas Marga Sedaya, the concession holder of a 117-kilometer (73-mile) toll road connecting Jakarta to Cirebon in the western part of the Java island, said the person.
Khazanah’s board is meeting Friday to discuss the offer and the sovereign wealth fund may or may not accept it, said the person, asking not to be named as the information is private.
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