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Add BNBR Infrastructure Investment

JAKARTA, KOMPAS.com - Bakrie and Brothers (BNBR) plans to develop its infrastructure business under the Bakrie Indo Infrastructure in two to three years into the future. Total value of investment is planned to reach USD 300-500 million.

This is conveyed by the President Director Bobby Gafur BNBR S Umar after the General Meeting of Shareholders (AGM), Friday (06/25/2010). "Investing in infrastructure is developed in the field of gas pipelines, toll roads and power plants," he said.

In developing an investment powerhouse, BNBR to pick a partner from Korea, whereas in the gas pipeline, Bakrie working with companies from China. Meanwhile, for the development of toll road investment, Bakrie target the development of 150-250 km, of which Cimanggis-Cibitung highway along 23 km.

Additionally, BNBR also will increase its investment in the financial sector. BNBR planning additional investments in a portfolio of about USD 200-300 million, can be either debt or co-investment. At least three companies that are ready dico-investment.

BNBR also plans to rationalize and will increase investment by increasing share ownership. BUMI Resources, BNBR will increase its stake to 23-25 per cent while in Bakrie Sumatera, BNBR will increase its equity interest of 41.7 percent to 50.5 percent.