Waskita Karya Divests Cimanggis-Cibitung Toll Road Stake

Strategic Divestment Transaction

PT Waskita Karya Tbk (WSKT), a major Indonesian construction company, has completed the divestment of its stake in PT Cimanggis Cibitung Tollways to PT Bakrie Toll Indonesia. The transaction, valued at Rp3.28 trillion, was finalized on November 28, 2025. Waskita Karya executed this deal through its subsidiary PT Waskita Toll Road, which held a 35% stake in the toll road operator, equivalent to 20 million shares.

Transaction Details

The divestment involved the transfer of Waskita Toll Road's entire stake in PT Cimanggis Cibitung Tollways to Bakrie Toll Indonesia. This strategic decision is part of Waskita Karya's ongoing efforts to optimize its portfolio and focus on core business areas. The transaction price of Rp3.28 trillion reflects the significant value of the toll road asset.

Business Implications

This divestment represents a crucial step in Waskita Karya's corporate restructuring strategy. By divesting non-core assets, the company aims to improve its financial position and concentrate on its primary business operations. The transaction is expected to have a positive impact on Waskita Karya's financial performance and enhance its overall business strategy.