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Indonesia’s Astra Infra, Canada Pension Completes the Acquisition Cipali Toll Road

JAKARTA (TheInsiderStories) - PT Astra Tol Nusantara (Astra Infra) and Canada Pension Plan Investment Board has completed the acquisition of Cikopo - Palimanan (Cipali)...

Indonesia’ Trisula Issues New Shares to Fund the Acquisition of BELL

JAKARTA (TheInsiderStories) - Indonesian garment and trade company, PT Trisula International Tbk (IDX: TRIS) get the permit from its shareholdes to run rights issue program,...

Singapore’s DBS Join the Race to Acquires Bank Permata Shares

JAKARTA (TheInsiderSTories) - Singapore' DBS Group Holdings Ltd. is considering joining the race to acquire PT Bank Permata Tbk (IDX: BNLI), Bloomberg reported today (10/09). The Indonesian...

Bank Rakyat Indonesia Issues Rupiah Bond US$354M

JAKARTA (TheInsiderStories) - PT Bank Rakyat Indonesia Tbk (IDX: BBRI) plans to issue local bonds Rp5 trillion (US$354.61 million) in November, said the corporation in Jakarta,...

South Korea’s KDB Eyes Tifa Finance Shares

JAKARTA (TheInsiderStories) - Korea Development Bank (KDB) is seeking to acquire PT Tifa Finance Tbk (IDX: TIFA) shares, Korea Times reported. TheInsiderStories try to confirm...

Singapore’s Samko Acquires Barito’s Unit for US$20.68M

JAKARTA (TheInsiderStories) - Samko Timber Ltd. intends to acquire 51 percent of PT Wanabinar Indonesia (WBI), an indirect subsidiary controlled by Indonesian company, PT...

Singapore’s BreadTalk Controls Lippo Group Food Company

Jakarta (TheInsiderStories) - Singapore' food and beverage (F&B) producer, BreadTalk Group Ltd., will acquire 1.48 million shares or 100 percent shares Lippo Group' food...

Singapore’ Geo Energy to Acquires Coal Mines in Indonesia

JAKARTA (TheInsiderStories) - Coal producer, Geo Energy Resources Ltd., has submitted a revised non-binding proposal to acquire new coal assets for a producing coal mine...

Indonesia’s MNC Vision Completes the Acquitision of K-Vision

Jakarta (TheInsiderStories) - The pay TV operator, PT MNC Vision Networks Tbk (IDX: IPTV) has completed the acquisition of 60 percent of K-Vision' shares,...

Walujo, Ng Buys 51% Bank Artos Indonesia Shares

JAKARTA (TheInsiderStories) - Two Indonesian businessmen, Patrick Walujo and Jerry Ng is reported will acquired 51 percent of publicly listed lender, PT Bank Artos Indonesia...

Telkom Indonesia Eyes Bhinneka.com, Other E-commerce Firms

Jakarta (TheInsiderStories) - State-owned telecommunication provider, PT Telkom Indonesia Tbk (IDX: TLKM) has planned to acquire e-commerce companies, including Bhinneka.com, said on official today...

Indonesia’s Indika Energy 100% Owns Multi Tambangjaya

JAKARTA (TheInsiderStories) - Indonesia' energy company, PT Indika Energy Tbk (IDX: INDY) through its unit has acquired a 15 percent or 2,63 million shares...

Indonesia’s Medco Energi Finalize Ophir Energy Acquisition

Jakarta (TheInsiderStories) – Indonesian oil and gas producer, PT Medco Energi Internasional Tbk (IDX: MEDC) officially announced the successful completion of British 'Ophir Energy...

Malaysian Felda Claims Cheated Buying Indonesia’s Eagle High Plantations Shares

JAKARTA (TheInsiderStories) — Indonesian plantation company, PT Eagle High Plantations Tbk (IDX: BWPT) and Malaysia' Federal Land Development Authority (Felda) drama is still ongoing....

Ophir Shareholders Accepts Indonesia’s Medco Proposal

JAKARTA (TheInsiderStories) – British energy producer, Ophir Energy Plc finally agreed on PT Medco Energi International Tbk (IDX: MEDC)’ offers, after months of negotiations....

Indonesia’s Kimia Farma Buys 57% Phapros Shares

JAKARTA (TheInsiderStories) - PT Kimia Farma Tbk (IDX: KAEF) signed a sale and purchase agreement to buy 56.77 percent or 476.90 million shares of PT...

Singapore’s Wilton Acquires Indonesia’s Gold Miner for US$268M

JAKARTA (TheInsiderStories) - Singapore' Wilton Resources Holding Pre Ltd, will own majority shares of PT Renuka Coalindo Tbk (IDX: SQMI), the company said today....

Indonesia’s Bank Mandiri Seeks a Medium-scale Bank

JAKARTA (TheInsiderStories) - One of the largest bank in Indonesia, PT Bank Mandiri Tbk (IDX: BMRI) plans to acquire a medium-scale bank with a...

Bank Negara Indonesia Intends to Acquire Financial Institution This Year

JAKARTA (TheInsiderStories) - State-owned lender, PT Bank Negara Indonesia Tbk (IDX: BBNI) eager to acquire bank, multifinance and general insurance firm in this year, said the...

French’s Michelin Acquired 80% Multistrada’s Shares for US$439M

JAKARTA (TheInsiderStories) - French tire manufacturer, Michelin Group, acquired 80 percent shares of PT Multistrada Arah Sarana Tbk (IDX:MASA) for US$439 million, said the...

London’s Ophir Rejects MedcoEnergi’s Possible Offer

JAKARTA (TheInsiderStories) — Indonesia' oil and gas producer PT Medco Energi Internasional Tbk (IDX: MEDC) expectation to own a Ophir Energy Plc. is nearly...

Indonesia’s Bayan Buys 45% Kangaroo Shares for US$515M

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX: BYAN) will acquired 44.95 percent shares of Australian miner Kangaroo Resources Limited (ASX: KRL)...

Grab, Uber’s Deal Under Antitrust Scrutiny in Indonesia

JAKARTA (TheInsiderStories) - Indonesia's Business Competition Supervisory Commission said it will scrutinize Grab's business over prospects of monopoly after the Singapore-based technology company acquired acquired...

FSA May Allow BTMU as Major Shareholder in Danamon

JAKARTA (TheInsiderStories) - Indonesia Financial Services Authority (FSA) may allow Japanese lender Bank of Tokyo-Mitsubishi UFJ (BTMU) to acquire more than 40 per cent...

Japan Tobacco to Purchase Gudang Garam’s Unit for US$677m

JAKARTA (TheInsiderStories) - Japan Tobacco Inc. (TSE: 2194) or JT Group has agreed to acquire Gudang Garam (IDX: GGRM) subsidiary, PT Karyadibya Mahardhika (KDM)...

Chinese JD.com in talks to acquire major stake in Tokopedia

JAKARTA (TheInsiderStories) - One of Chinese largest online retailer JD.com Inc.(NASDAQ: JD) is in talks to acquire a major stake in one of Indonesian marketplace operator...