Siam Cement Group picks majority stake in Indonesian paper firm Fajar for $665m

Blue tile on cement.

Thai industrial conglomerate Siam Cement Group (SCG) has acquired a 55 per cent stake in Indonesia-listed paper packaging firm PT Fajar Surya Wisesa Tbk (Fajar) for 9.6 trillion rupiah ($665 million), according to a statement on Friday.

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