Wednesday, October 31, 2007

IndoAgri Conclude Acquisition on Lonsum

The acquisition of 64.04% stakes of PT Perusahaan Perkebunan London Sumatera Tbk (Lonsum) at IDR9,1 trillion has been concluded yesterday, faster than the target of December this year.

With such conclusion, the stocks of Lonsum have changed hand to IndoAgri. Following the deal IndoAgri will arrange tender offer over the public stocks of Lonsum at IDR6,900 using banking loans and internal cash reserve.

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