A Sweet Deal Gone Sour

Rajawali Nusantara Indonesia's (RNI) plan for a sugar-mill expansion has gone haywire. "RNI's offer is far below the owner's expectations," said RNI director Bernardus Didik Prasetyo last Wednesday.

RNI's plans to raise sugar production were amplified after hearing that Gendhis, a company dogged by financial problems, needed an injection of funds. Sensing an opportunity, the state-owned enterprises (SOE) ministry ordered Didik to buy the company.

Did

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

• *You Save -Rp 102.000
• *Guaranteed update of up to 52 Editions of Tempo Magazine

Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

• *Free for the first month if using a Credit Card

Subscribe

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.