Monday, February 21, 2011

Indofood Agri

Indofood Agri: said its main operating subsidiary, 90% owned PT Salim Ivomas Pratama (SIMP) is exploring a listing on the Indonesian Stock Exchange, subject to mkt conditions as well as regulatory and sh/h approvals. IFAR intends to retain SIMP as a subsidiary…

Investors may opt for a cautious stance, due to lack of further details. Apart from SIMP, IFAR has no other operating assets, hence the proposed listing could signal IFAR’s intent to diversify away from its core Indonesian agri-business model, perhaps into other geographies or related industries.

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