TOBA Secures Rp7.8 Trillion Investment From BlackRock Affiliate for Waste Management Business
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PT TBS Energi Utama announced an investment of up to S$555 million from HPS Investment Partners for the expansion of its waste management business in Asia.
PT TBS Energi Utama Tbk (TBS) has entered into a strategic investment partnership with HPS Investment Partners, part of BlackRock, to strengthen its waste management business and expand its operations in the Asian region.
TBS (TOBA) announced an investment of up to S$555 million from HPS, part of BlackRock, to expand its waste management business in Asia.
PT TBS Energi Utama Tbk (TOBA) has secured an investment commitment of up to US$ 555 million, equivalent to Rp 9.98 trillion (at an exchange rate of Rp 17,986) from a BlackRock affiliated company.
REPUBLIKA.CO.ID, JAKARTA — PT TBS Energi Utama Tbk (TBS or the Company, IDX: TOBA), a company transforming into a sustainable infrastructure developer, announced a strategic investment on Wednesday (October 21, 2026). This investment...
PT TBS Energi Utama Tbk (TOBA) announced a strategic investment from several funds and accounts managed by HPS Investment Partners, a BlackRock subsidiary. (Photo: Courtesy)
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