Capital and Business Alliance with PT INDONESIA INFRASTRUCTURE FINANCE(1/1)
March 19, 2012
Sumitomo Mitsui Banking Corporation
Capital and Business
TOKYO, March 19, 2012 --- Sumitomo Mitsui Banking Corporation (“SMBC”, President: Takeshi Kunibe) and PT Indonesia Infrastructure Finance (“PT. IIF”, President Director & CEO: Kartika Wirjoatmodjo) have signed subscription and business alliance agreements today for SMBC to subscribe to approximately 14.9% of the total issued shares of IIF and for both parties to engage in a business alliance.
IIF is a joint venture company one of whose main shareholders is PT Sarana
Multi Infrastruktur (Persero) (“SMI”), a wholly owned subsidiary of Ministry of
Through this business alliance, SMBC will cooperate with IIF by introducing and co-working in infrastructure project finance transactions in Indonesia, and assist in financing including secondment of our staffs.
SMBC continues to support our clients who are focusing on infrastructure development projects through close cooperation with IIF, and provide high value-add services that contribute to infrastructure development and economic growth in Indonesia by utilizing our acquired expertise and know-how.
IIF was officially launched by
the Minister of Finance of Republic of Indonesia, as part of the government’s
commitment to accelerate infrastructure development in
(1) Company name : PT Indonesia Infrastructure Finance
Location : The
(3) Incorporation Date : January 2010
(4) Shareholding after : SMI 34.3%
SMBC subscription IFC 16.9%