News & Events


MGM Bosco News Detail

23 June 2016, by Andi

Saratoga’s New Investment in Logistics

Saratoga’s New Investment in Logistics

On 7 January 2016, PT Saratoga Investama Sedaya Tbk (“Saratoga”) agreed to invest into 5.63% stake in PT Mulia Bosco Logistik (“MBL”) through the subscription of new shares of the Company for a total consideration of IDR 18,408 million (~USD 1.3 million).  After the completion of the transaction and other corporate actions conducted by MBL, MBL will further acquire PT Bonecom Servicetama Compindo (“Bosco”) as the majority shareholder and increase capital in PT Mulia Gunung Mas (“MGM”). Through MGM and Bosco, MBL provides a refrigerated trucking service serving blue-chip clients in the FMCG industry based in Surabaya and Jakarta connecting over 100 cities in Java, Bali and Sumatra, and operates cold storage facilities located in North Jakarta.


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