Hutchison is set to acquire a 49 per cent stake in Jakarta's Koja container terminal for US$147 million in cash, according to newspaper Bisnis Indonesia. Ongki Soemarno, president director of Humpuss Terminal, seller of the container terminal, was quoted as saying Hutchison had submitted the best bid for the stake at US$147 million. The winner will be announced at Humpuss' shareholders' meeting next Friday. Koja Terminal is 51 per cent-owned by state-run seaport operator Pelindo II. The transaction, if finalised, will be the second Jakarta port for Hutchison. It paid US$110 million for a 51 per cent stake in Jakarta International Terminals last year. Singapore-based shipping firm Neptune Orient Lines is reported to be leading a consortium to bid US$150 million for the Koja stake.