SINGAPORE (Yosefardi) – Wilmar International Limited has set up PT Wahana Maritim Perkasa (WMP), a direct 49% owned associated company of PT Wilmar Nabati Indonesia.
The principal activities of WMP are that of ship-owning and chartering.
While Gadsden Pte. Ltd. (Gadsden) and PT Wilmar Nabati Indonesia (WINA), both wholly-owned subsidiaries of Wilmar, have acquired 100% equity interest in PT Permata Prima Nabati (PPN), 95% by Gadsden and 5% by PT WINA, for a total purchase consideration of Rp62.5 billion.
The principal activity of PPN is business of agricultural produce.
Otherwise, Wilmar Plantations Limited, a direct wholly-owned subsidiary of Wilmar, has disposed of its entire 95% equity interest in PT Citra Riau Sarana (CRS) to Team Ventures Investments Limited, which is not related to the Wilmar Group, for a total consideration of US$19.4 million.