JAKARTA. PT Perusahaan Gas Negara (Persero) Tbk (KRAS) or PGN, confirmed its plan to acquire PT Krakatau Daya Listrik (KDL), which is currently 100% owned by PT Krakatau Steel Tbk (KRAS). Rachmat Hutama, Corporate Secretary of PGAS, said that the plan is currently being reviewed by the directors. “The company is still conducting an internal....
DBS Group Holdings Ltd. is considering joining the race to acquire PT Bank Permata, the Indonesian lender in which Standard Chartered Plc holds a stake, according to people familiar with the matter. Singapore-based DBS is working with an adviser on the possibility of bidding for Permata, which has a market value of about $2.4 billion, said....
Indosat Ooredoo, one of Indonesia’s major telecommunications companies, has agreed to sell as many as 3,100 telecommunication towers to two local companies PT Daya partner Telekomunikasi (Mitratel) and PT Professional Telekomunikasi Indonesia (Protelindo). Under the sale and purchase agreement signed in Jakarta on Tuesday, Mitratel will buy 2,100 of the towers, while Protelindo will acquire....
Asian deals dominated global retail acquisitions in September according to a database compiled by GlobalData. Retail industry deals for the month were worth more than US$ 7.52 billion, representing an increase of 94.9 percent over August and 38.6 percent above the 12-month average of $5.43 billion. In terms of number of deals, the sector saw....
SINGAPORE (THE BUSINESS TIMES) – Agri-food company Japfa will sell 80 per cent of its South-east Asia-branded dairy business to affiliates of investment firms TPG and Northstar Group for US$236 million (S$315 million) in a strategic partnership, it said in an exchange filing on Monday (Dec 7). Japfa will retain 20 per cent of the....
JAKARTA (TheInsiderStories) – Indonesian tycoon, Chairul Tanjung, through is financial armed, PT Mega Corpora, has officially hold 73.71 percent of PT Bank Harda Internasional Tbk (IDX: BBHI), the management announced today. The company bought the local lender shares from the existing shareholders, PT Hakimputra Perkasa with costs around Rp308.44 billion (US$21.42 million). Both parties have signed a share....