Semen Indonesia subsidiary acquires 80.64% stake in Holcim Indonesia for $922M

PT Semen Indonesia Industri Bangunan (SIIB), a subsidiary of PT Semen Indonesia, acquired 80.64% of Holcim Indonesia from Holderfin BV for Rp 12.96 trillion ($922.42 million). Holcim Indonesia was renamed PT Solusi Bangun Indonesia.

“The takeover of Solusi Bangun Indonesia will also strengthen our ready mix business.”thejakartapost.com

• 1 source
• thejakartapost.comHolcim Indonesia changes name to Solusi Bangun, following acquisition - Business - The Jakarta PostRiska RahmanFeb 11, 2019

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