Weekly Business

Salim Slips on Indocement

Salim Group’s ploy to buy back shares in Indocement, the country’s leading cement producer, has failed. German company Heidelberger Zement, which is acquiring a stake in Indocement shares under a debt-to-equity swap, has decided not to make a deal with the Salim Group. Secretary of the Finance Sector Policy Committee, Syafruddin Arsyad Temenggung, last Saturday said Heidelberger had agreed not to invite Sali

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