Sources say Indonesian shipping company Meratus is finalizing a $2 billion sale Ship’s crew

By Manuel Baigorri and Elffie Chew (Bloomberg) –

Indonesian logistics and maritime shipping company Meratus According to people familiar with the matter, the company is considering selling the company given the interest of potential investors.

Meratus is working with a financial advisor on the sales plans, the people said, asking not to be named because it was a private matter. The closely held company is targeting a valuation of about $2 billion, the people said.

Investment funds and other companies in the industry have shown interest in the business for the time being, it said. Consultations are at an early stage and no final decision has been made, they added.

A Meratus Group representative did not immediately respond to requests for comment.

The history of Meratus dates back to 1957. According to their own statements, more than 60 strong ships and over 500 trucks are in use on over 45 routes website. The company is based in Surabaya, Indonesia expanded connected to Papua New Guinea in February and launched the direct China-Indonesia Express route last year.

–With the support of Fathiya Dahrul.

© 2023 Bloomberg LP

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