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Business

Metro Pacific to sell non-toll road assets of Indonesian affiliate

Philippine conglomerate eyes Malaysia, Myanmar investments

Philippine infrastructure conglomerate Metro Pacific is looking at Malaysia and Myanmar after expanding into Indonesia.

MANILA -- Metro Pacific Investments plans to divest non-toll road assets of Nusantara Infrastructure after the Philippine conglomerate became the biggest shareholder of the Indonesian company.

Metro Pacific plans to make Nusantara a dedicated toll road company, and will seek shareholder approval to sell other assets in telecom, water and port operations, officials said on Wednesday.

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