Indonesia: Tiga Pilar exits Golden Plantation for $39m

Indonesia: Tiga Pilar exits Golden Plantation for $39m

Photo by TPS Food

Publicly listed consumer goods company PT Tiga Pilar Sejahtera Food Tbk (AISA) has divested 2.86 billion shares or 78.1 per cent of total paid up capital in PT Golden Plantation Tbk (GOLL) to PT JOM Prawarsa Indonesia – an affiliated company also owned and controlled by the Mogoginta family. The total transaction is valued at Rp521.4 billion ($39 million).

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