Salim acquires major MTLA shares, follows Ciputra’s actions


Salim Group, one of Indonesia’s biggest conglomerates, has acquired shares of PT Metropolitan Land, or Metland (MTLA), following in the footsteps of another property developer Ciputra Group at the end of last year. The group, led by business magnate Anthoni Salim, bought 388.6 million shares in Metland on July 28 via Indolife Pensiontama, Salim’s asset management subsidiary, according to data issued by PT Kustodian Sentral Efek Indonesia (KSEI). The acquisition also makes Salim Group one of the biggest stockholders of Metland, with a 5.08 percent portion of shares. This number, however, is still below Ciputra’s 11.4 million shares.


August 03 2022, The Jakarta Post

 
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