Indonesia: Nirvana divests 3 arms for $46.3m; Indofood in JV talks with Japanese co

Indonesia: Nirvana divests 3 arms for $46.3m; Indofood in JV talks with Japanese co

Image of CSB Mall developed by Nirvana Development.

Listed property developer Nirvana Development has decided to divest its shares in three subsidiaries to Semesta Indah to increase the cash reserve for future investment. The world’s largest noodle manufacturer Indofood is in talks with undisclosed Japanese partner to form a joint venture to add a new product

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