Finance / Indonesia
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Indofood Pays US$350mn For Drayton
October 2008 | M&A News AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Indonesia's leading food company, PT Indofood Sukses Makmur, is expanding its branded consumer products division via the acquisition of a 69% stake in dairy producer PT Indolakto. Indofood will acquire 100% of Indolakto's 69% parent, Drayton Pte Ltd, in a deal worth US$350mn, thus establishing its presence in the fledgling, but high potential, Indonesian dairy market. Indofood also has a distribution relationship with Indolakto: the former distributes products for the latter via its PT Indomarco Adi Prima subsidiary.