December 16, 2016: Publicly listed company Sampoerna Agro has divested its plantation unit Pertiwi Lenggara Agromas to Dhanistha Surya Nusantara (DSN Group) and Surya Nusantara Sawitindo (SNS) – both are subsidiaries of Indonesian cigarette maker Gudang Garam. The transaction was valued at Rp 447 billion ($33.2 million). Proceeds from the sale will be used to strengthen the company’s capital flow and capital structure, according to director of Sampoerna Agro, Budi Setiawan Halim. It can be used for additional funding as working capital, expansion activities, or loan repayment to third

Read more at: http://www.dealstreetasia.com/stories/indonesia-sampoerna-agro-divests-plantation-unit-to-gudang-garam-for-33m-60739/

December 16, 2016: Publicly listed company Sampoerna Agro has divested its plantation unit Pertiwi Lenggara Agromas to Dhanistha Surya Nusantara (DSN Group) and Surya Nusantara Sawitindo (SNS) – both are subsidiaries of Indonesian cigarette maker Gudang Garam. The transaction was valued at Rp 447 billion ($33.2 million). Proceeds from the sale will be used to strengthen the company’s capital flow and capital structure, according to director of Sampoerna Agro, Budi Setiawan Halim. It can be used for additional funding as working capital, expansion activities, or loan repayment to third

Read more at: http://www.dealstreetasia.com/stories/indonesia-sampoerna-agro-divests-plantation-unit-to-gudang-garam-for-33m-60739/