Competition between Charoen Phokphand and Kemila Group to takeover giant shrimp farm PT Dipasena for around US$450 million has been intensified with the ‘story’ published in Media Indonesia today that Recapital Advisors is behind Kemila. This is clearly a negative campaign for Kemila because Recapital defaulted on financing for Dipasena in early March. As government is expected to make decision in the next few days, it’s interesting to see who’ll come out as the winner?
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