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News Indocement acquires marine transport firm for US$2.1m

Indocement acquires marine transport firm for US$2.1m

Written by Global Cement staff 05 April 2016
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Indonesia: Indocement Tunggal Prakarsa has purchased stakes in marine transport services firm Lintas Bahana Abadi through the company's subsidiaries, Bahana Indonor and Indomix Perkasa. The acquisition is expected to support Indocement's business activities, particularly in the marine transport segment, according to Indonesia Finance Daily.

“Bangun Sukses Niagatama Nusantara will divest its shares in Lintas Bahana Abadi to Bahana Indonor and Indomix Perkasa for US$2.1m. The acquisition is fully funded from the two subsidiaries' internal cash,” said Christian Kartawijaya, President Director of Indocement Tunggal Prakarsa. Lintas Bahana will become a subsidiary that is indirectly owned by Indocement.

Last modified on 06 April 2016
Published in Global Cement News
Tagged under
  • Indonesia
  • Indocement
  • Indocement Tunggal Prakarsa
  • Acquisition
  • Shipping
  • Lintas Bahana Abadi
  • HeidelbergCement
  • GCW245

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