Jakarta-based IndoFood offers $300m for SGX-listed agri firm in take-private move

Photo: Reuters

Jakarta Stock Exchange-listed PT IndoFood Sukses Makmur TBK, controlled by Indonesian tycoon Anthoni Salim, on Tuesday launched a cash offer to acquire Singapore Exchange-listed IndoFood Agri Resources Ltd for S$0.28 per share, in a potential S$405.38 million ($299.59 million) take-private deal.

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