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Road toll company to buy stake in Merpati Nusantara

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Road toll company to buy stake in Merpati Nusantara

Citra Marga Nusaphala Persada, a private toll road operator, has offered to buy control of Merpati Nusantara, a state- owned airline operator in Indonesia, for Rp 800 billion ($82 million). The attraction for Citra Marga is that the company could synergize air transportation business with its toll r...

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