Indofood
Ready to Sprout Forth
Tuesday, October 2, 2001
Having failed to acquire Golden Agri Resources, noodle giant Indofood plans to buy another oil palm plantation and set up a baby foods factory in Thailand. But how do investors look on such conglemeration tendencies?
arsip tempo : 173514512049.
IF it breaks, another will grow; if it’s lost, another will be found.’ This Indonesian saying aptly describes the state of the Salim Group’s business tree. Several of its branches indeed had to be lopped off and handed over to the Indonesian Bank Restructuring Agency (IBRA) as guarantees on its Rp52-trillion loan from Bank Indonesia (BI). However, with the passing of time, these broken branches have begun to grow again. One exa
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