Thursday, September 3, 2009

Indofood to Spin Off Noodle Business

PT Indofood Sukses Makmur,Indonesia's biggest instant noodle producer, plans to split its noodle and food seasoning divisions into a separate unit, parent First Pacific Co. said.

Indofood, will transfer assets of the two divisions including employees and machinery to a new unit, PT Indofood CBP Sukses Makmur, First Pacific said in a statement to Hong Kong stock exchange today. First Pacific controls 51 percent shares of Indofood.

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