Consumer goods firm Indofood CBP Sukses Makmur (ICBP) has, on Feb. 17, 2021, purchased all shares of PT Indofood Fritolay Makmur (IFL) from Fritolay Netherlands Holding BV, representing 49% of IFL total issued and paid-up capital, at the value of Rp494 billion. ICBP’s internal cash funds the acquisition.

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