JAKARTA, June 8 — Indonesia’s Indofood CBP Sukses Makmur plans to buy instant noodle maker Pinehill for US$3 billion (RM12.8 billion) as it eyes growth in Africa and the Middle East, according to a stock exchange filing. The Indonesian food and snack giant, which makes popular Indomie brand...
Cooks prepare noodles at the booth of Indonesian food giant PT Indofood Sukses Makmur at a trade exhibition in Jakarta October 12, 2016. — Reuters pic
The Indonesian food and snack giant, which makes popular Indomie brand instant noodles, said its shareholders will vote on the proposed deal at a July 15 meeting.
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