San Miguel is reportedly going to buy DLTA shares from the DKI Provincial Government

March 18, 2019, 10.09 PM  | Reporter: Krisantus de Rosari Binsasi
San Miguel is reportedly going to buy DLTA shares from the DKI Provincial Government


STOCK - JAKARTA. The polemic about the sale of shares of PT Delta Jakarta Tbk (DLTA) by the DKI Jakarta Provincial Government (Pemprov) continues to roll. Even the latest rumor is that San Miguel Malaysia Private Limited has a big chance to buy around 27% of the shares of DLTA owned by the DKI Provincial Government.

From the information obtained by Kontan.co.id, San Miguel was appointed as the leading buyer of DLTA. Reportedly, the DKI Jakarta Provincial Government requested DLTA prices with price to book value (PBV) of 5 times, from the current one of 4.5 times.

If done, San Miguel will own 85% of DLTA's shares. Based on RTI data, currently, San Miguel shares in DLTA are 467.06 million shares, equivalent to 58.33% of the issued and paid-up capital.

Ronny Titiheruw, DLTA Marketing Director when contacted by Kontan.co.id declined to comment. Likewise, with the Secretary of the DKI Jakarta BUMD Development Agency, Riyadi also refused to comment much. "Sorry, I have no information regarding this issue," Riyadi said on Monday (18/3).

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