Monday, July 1, 2013

Indonesia Market Summaries 1 July 2013

PT Bank Central Asia Tbk (BBCA, Rp9.950, NEUTRAL, TP Rp10.300) bought a 75% shares of PT Central Sejahtera Insurance from their affiliate, Dana Pensiun BCA. The purchase was valued at Rp102 billion, Rp104,42 billion under reasonable rates by public appraisal. A total of 25% shares of Central Sejahtera Insurance owned by its subsidiary, PT BCA Finance BCA. (Disclosure)

PT Semen Indonesia Tbk (SMGR, Rp17.050, NEUTRAL, TP Rp19.000) get an export loan from export credit agency (ECA) worth of USD 200 million from several banks in Europe. (Bisnis Indonesia)

A total of 75.1% stake in PT Multi Bintang Indonesia Tbk (MLBI, R1, 2 million) will be bought by Heineken International BV. The Purchases valued at Rp18,99 trillion will be made from Heineken subsidiary, Asia Pacific Breweries Ltd, so it will not be required to hold a tender offer. (Kontan)

for Indonesia Market Summaries 1 July 2013

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