Brief: Bumitama Agri updates on acquisition of 95.0% of issued share capital of Pt. Sukses Manunggal Sawitindo

Bumitama Agri

03/02/2016 09:54

Feb 3 (Reuters) - Bumitama Agri Ltd  BUMI.SI : 
 * Proposed acquisition of 95.0% of the issued share capital of pt. sukses manunggal sawitindo)  BUMI.SI  
 * Group has on 3 February 2016 entered into a sale and purchase agreement with the lim family 
 * Deal for idr 76,957 million 
 * Group expects to generate more income going forward from the Plantation of ghl as the oil palm mature 
 * Consideration will be payable in cash on completion of the acquisition, and will be funded by the group's internal resources 
 * Acquisition will not have a material impact on the nta and EPS of co for FY ended 31 December 2015 
 * Source text for Eikon  ID:nSNZ9Sq9Rk  
 
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