M&A: SIPEF’s Acquisition of Plantation Company Agro Muko

Belgium-based firm SIPEF, through its Indonesian subsidiary PT Tolan Tiga Indonesia, has agreed to acquire 47.71% shares in PT Agro Muko, a mixed palm oil and rubber plantation company, for US$144 million. SIPEF acquires the shares from PT Austindo Nusantara Jaya Tbk (ANJT) and UK-listed MP Evans Limited. The deal is interesting for several reasons.To subscribe please click here