Danantara & INA $800mn Strategic Investment with TPIA

Key Summary:
- Danantara announced first public-private partnership with TPIA
- A strategic investment up to $800mn to jointly develop CA-EDC plant
- TPIA's stock price increased by +4.5% following the announcement
Badan Pengelola Investasi Daya Anagata Nusantara (Danantara Indonesia) and Indonesia Investment Authority (INA) have signed a Memorandum of Understanding (MoU) with PT Chandra Asri Pacific (TPIA) to potentially become new strategic investors.
What’s the headline? This MoU explores investments to jointly develop a Chlor Alkali – Ethylene Dichloride (CA-EDC) plant, representing a significant public-private milestone for Indonesia’s sovereign wealth fund.