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A Strange Acquisition

Monday, November 22, 2021

The Indonesia Battery Corporation is to acquire a German electric vehicle company. This has the potential to result in losses.

arsip tempo : 176828117232.

A Strange Acquisition. tempo : 176828117232.

THERE are many strange aspects to the plan by the Indonesia Battery Corporation (IBC) to acquire German electric vehicle producer StreetScooter. As well as doubtful business prospects, the transaction by a joint venture between four state-owned corporations feels rather forced.

IBC is to buy a 68-percent shareholding in StreetScooter, a subsidiary of the German logistics firm DHL Group, for US$170 million (around Rp2.4 trillion). State-Owned Ent

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