JAKARTA (Yosefardi) – PT Indofood CBP Sukses Makmur Tbk (ICBP) said its subsidiary PT Indolakto had in November 21, 2014 signed a conditional sell and purchase agreement (CSPA) with Danone Dairy Investments Indonesia Pte Ltd and Danone Asia Pte Ltd.
ICBP will acquire 100% shares issued by PT Danone Dairy Indonesia which produce liquid milk products. Indolakto will also buy trade mark and the design of industry related to Milkuat product.
The acquisition is valued for Rp250 billion, to be realized by end of this year.
ICBP booked net sales of Rp22.78 trillion in first nine months of 2014, grew by 20.7% from Rp18.88 trillion in the same period of 2013.
Income for the period attributable to equity holders of the parent entity increased 11.6% to Rp2.07 trillion from Rp1.85 trillion. Net margin declined to 9.1% from 9.8%. Core profit rose 12.1% to Rp2.02 trillion from Rp1.80 trillion.