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Another Shopping Spree

Tuesday, January 31, 2006

Temasek looks set to acquire Chandra Asri by becoming the majority shareholder.

. tempo : 173222807565.

LIKE a thirst that is never quenched, Temasek Holdings continues to target prestigious companies in Indonesia. This time around, the investment company from Singapore intends to purchase PT Chandra Asri Petrochemical, a petrochemical company that was set up as a joint venture between Indonesian tycoon Prajogo Pangestu and the Marubeni Corporation from Japan.

On an annual basis, this company produces 510,000 tons of ethylene, 240,000 tons of propyl

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