SGX-listed JB Foods Ltd has finally exercised options to acquire PT Jebe Koko, which operates cocoa bean processing facility in Maspion Industrial Estate, Gresik, East Java for US$18.4 million. While this is more of an internal acquisition, it shows strong interest from foreign investments in Indonesian food and beverage market. Other companies in this report: Jababeka, Adi Sarana Armada, Dwi Jaya Kemasindo, Hexindo Adiperkasa, and Bank Tabungan Pensiunan Nasional (BTPN).
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