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SIP - Sipef NV News Story

€45.2 -0.1  -0.2%

Last Trade - 12:55pm

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £409.6m
Enterprise Value £483.2m
Revenue £199.9m
Position in Universe 339th / 848

BRIEF-Sipef NV Acquires 1 770 Hectares Of Additional Land Rights In Indonesia

Fri 24th August, 2018 6:50am
Aug 24 (Reuters) - Sipef NV  SIFB.BR :
    * ACQUIRES 1 770 HECTARES OF ADDITIONAL LAND RIGHTS IN THE
PROVINCE OF BENGKULU IN INDONESIA
    * NEWLY ACQUIRED 1 770 HECTARES WILL CONTRIBUTE TO OPTIMISE
THE
PROCESSING CAPACITY OF THE TWO EXISTING AGRO MUKO MILLS
    * TOTAL CONSIDERATION, INCLUDING TRANSFER COSTS AND TAXES,
OF IDR
36.6 BILLION, EQUAL TO KUSD 2 511
    * SAYS THIS ACQUISITION WILL THEREFORE INCREASE THE
POTENTIAL AREA
FOR DEVELOPMENT WITH 8.2% IN THE MUKO MUKO REGENCY

Source text: https://bit.ly/2w964Nt
Further company coverage:  SIFB.BR 

 (Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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