Bedfellows?

It seems like Sampoerna is looking to get its hands on two Salim companies currently under the control of IBRA. But is Salim itself really in charge from afar?

November 6, 2000

The government has not even announced details of how it will sell off shares in Indomarco, but Putra Sampoerna walks right into it with a luscious offer in his hands. At a very competitive price, the owner of the HM Sampoerna cigarette firm says he is willing to buy the shares of the ex-subsidiary of Salim group, currently under the management of the Indonesian Bank Restructuring Agency (IBRA). Indomarco owns Indomaret mini markets and might be s

...

More Articles