R.E.A. Holdings plc ("REA") announced the completion of the acquisition by PT Dharma Satya Nusantara Tbk (“DSN”) of a 15% shareholding in PT REA Kaltim Plantations (“REAK”), on Friday, 2nd December. The agreements between the group and DSN, received regulatory approval and were completed on 2 December 2016. As a result, subsidiaries of DSN have acquired, by a combination of subscription for new shares and acquisition of existing shares, a 15% equity interest in REAK. DSN can acquire up to 49% of REAK within the next 5 years (subject to agreement regarding amongst other things, the price at which further shares can be acquired).
07 Dec 2016
At a 19% discount to Indonesian sector peers
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At a 19% discount to Indonesian sector peers
R.E.A. Holdings plc (RE:LON) | 66.0 0 0.0% | Mkt Cap: 28.9m
- Published:
07 Dec 2016 -
Author:
Doug Hawkins -
Pages:
8
R.E.A. Holdings plc ("REA") announced the completion of the acquisition by PT Dharma Satya Nusantara Tbk (“DSN”) of a 15% shareholding in PT REA Kaltim Plantations (“REAK”), on Friday, 2nd December. The agreements between the group and DSN, received regulatory approval and were completed on 2 December 2016. As a result, subsidiaries of DSN have acquired, by a combination of subscription for new shares and acquisition of existing shares, a 15% equity interest in REAK. DSN can acquire up to 49% of REAK within the next 5 years (subject to agreement regarding amongst other things, the price at which further shares can be acquired).