Indonesia`s Indofood to spend US$933 mln to acquire Lonsum

Jakarta (ANTARA News/Asia Pulse) - The country's food giant PT Indofood Sukses Makmur (JSX:INDF) will spend Rp8.4 trillion (US$933 million) to acquire about a third of PT London Sumatra Plantations (Lonsum).

Indofood's subsidiaries PT Salim Ivomas Pratama and Indofood Agri Resources Ltd will pay Rp5.7 trillion for a 36.6 per cent stake from First Durango Singapore Pte Ltd and Ashmore Funds.