-- A consortium led by GIC Pte and another group headed by Indonesia Investment Authority are among the final bidders for a stake in one of PT Jasa Marga’s units, according to people familiar with the matter.The Indonesian state-owned toll road operator is in talks with potential investors to sell about a 35% stake in PT Jasamarga Transjawa Tol, the people said. The stake sale could raise at least $750 million, said the people, who asked not to be identified as the information is private.
Jasa Marga President Director Subakti Syukur declined to comment on the shortlisted bidders, adding that the equity financing for Transjawa Tol is ongoing. The company is in discussions with potential strategic partners and stakeholders, he said. Contract drug manufacturers seeking to tap into the booming market for weight-loss drugs are investing billions of dollars to expand or build factories that fill the injection pens used to administer treatments like Novo Nordisk's Wegovy. Interviews with a dozen company executives, analysts and investors showed pharmaceutical services companies jostling to secure more of the specialist work of filling the syringes used in the pens, a process known as fill-finish.
A GOP congressman says conservative hardliners who helped oust Kevin McCarthy as speaker could 'very easily' cause the party to lose its House majority in 2024
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