Fund Raising

Property firm Bumi Serpong Damai (BSDE) plans to divest 13.78% shares of PT Plaza Indonesia Realty (PLIN) to PT Plaza Indonesia Investama (PII), a special purpose company for Real Estate Investment Trusts (REUTs) initiated by PLIN. PII will buy 932.71 million PLIN shares from BSDE at the price of Rp1.83 trillion. Per May 2018, BSDE held 40.03% PLIN shares. PII also plans to buy shares of PT Sarana Mitra Investama from PLIN, PT Grande Amarta, and PT Buana Graha.

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