◂ Announcements

Acquisition

Jun 9, 2020ACQUISITION

Indofood plans $3 billion purchase of instant noodle maker Pinehill

Indonesia's Indofood CBP Sukses Makmur plans to buy instant noodle maker Pinehill for $3.0 billion to expand into Africa and the Middle East, with shareholders voting on July 15.

Value

$3.00B

Status

Announced

Capacity

up to 10 billion packs of instant noodles annually

Productsinstant noodles

CompaniesIndofood CBP Sukses Makmur acquirer Pinehill target

“Indonesia's Indofood CBP Sukses Makmur plans to buy instant noodle maker Pinehill for $3.0 billion”brecorder.com

1 source
brecorder.comIndonesia's Indofood eyes $3 billion purchase of noodle-maker Pinehill - Business & Finance - Business RecorderJun 8, 2020

Summarized from public sources; check the original articles before acting on it.

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