Business Weekly

Djarum Takes Control over BCA

The grip of the Djarum Business Group over publicly listed PT Bank Central Asia has become increasingly tightened. Through Alaerka Investment Ltd., the owner of the clove cigarette company has now become the main power controlling BCA. The share ownership of Alaerka at Farindo Investment Ltd has recently increased from 9.36 percent to 92.18 percent. In contrast, the share ownership of Farallon Capital Management decre

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