Home Tags Acquisition

Tag: acquisition

Korea Developmen Bank Acquires 80.65% of Tifa Finance’s Shares

JAKARTA (TheInsiderStories) - The Korean Development Bank (KDB) took over the majority stocks of Indonesian leasing firm, PT Tifa Finance Tbk (IDX: TIFA), it...

Indonesia’s Taspen Life Acquires Jiwasraya Putra for US$183M

JAKARTA (TheInsiderStories) - State insurance firm, PT Taspen Life will acquires 70 percent shares of PT Asuransi Jiwasraya Putra for Rp2.6 trillion (US$183.09 million), said the...

After Get Injections from Sinarmas, CCB Indonesia’s Rating Jumped to AAA

JAKARTA (TheInsiderStories) - Sinarmas Group plans to become a shareholder of PT Bank China Construction Bank Indonesia Tbk (IDX: MCOR) or CCB Indonesia. This...

Singapore’s Jadeston Acquires Lemang Block from Sugih Energy

JAKARTA (TheInsiderStories) - Jadestone Energy Inc. (AIM:JSE), an independent oil and gas production company based in Singapore, announced that it has acquired 90 percent interest in...

Hong Kong’s FWD Group Acquires BRI Life Shares

JAKARTA (TheInsiderStories) - After acquired PT Commonwealth Life, Thai general insurer Siam City Insurance and Vietcombank-Cardif Life Insurance, Hong Kong-based FWD Group now bought PT Asuransi BRI...

Indonesia’s ABM Investama Eyes Coal Mine, Prepared US$250M

JAKARTA (TheInsiderStories) - Indonesian miner, PT ABM Investama Tbk (IDX: ABMM) eyes coal mine and allocated up to US$250 million for the acquisition plans, said the...

Indonesia’s FSA Receives Kookmin Bank’s Commitment at Bank Bukopin

JAKARTA (TheInsiderStories) - The Financial Services Authority (FSA) had received a commitment from KB Kookmin Bank to continues to acquire a portion shares of...

FWD Life Indonesia Completes the Acquisition of Commonwealth Life

JAKARTA (TheInsiderStories) - Insurance firm, PT FWD Life Indonesia has completed the acquisition of PT Commonwealth Life from Commonwealth Bank of Australia. After the deal,...

Indonesia Tycoon, Harum Energy Buys Nickel Mines Shares

JAKARTA (TheInsiderStories) - Indonesian tycoon, Kiki Barki and his coal mining company, PT Harum Energy Tbk (IDX: HRUM) acquired 3.22 percent Australian miner, Nickel Mines Ltd., to diversified...

UAE’ EMPG Acquires Lamudi Operations in Southeast Asia, Mexico

JAKARTA (TheInsiderStories) - Emerging Markets Property Group (EMPG), the Dubai-based parent of property portal Bayut has acquired Lamudi Global' operations in Indonesia, Philippines, Indonesia and Mexico...

Bangkok Bank Acquires 89.12% Bank Permata Shares for US$2.67B

JAKARTA (TheInsiderStories) - Bangkok Bank Public Company Limited, PT Astra International Tbk (IDX: ASII) and British' Standard Chartered Bank (Stanchard) has signed the Conditional Share Purchase Agreement today...

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...