Thu, 10 Jul 2008
Shareholders of PT Bakrie Sumatera Plantations, an Indonesia's third-biggest publicly traded plantation company, agreed to a proposal to take control of Agri Resources BV, Bloomberg reported.

Bakrie Sumatera will spend $41 million to increase its stake in Agri Resources to 51% from 25%, president director Ambono Janurianto said.
Agri Resources has a total of 29,000 hectares of palm oil plantation in South Sumatra and Jambi provinces.

Bakrie Sumatera expects to have an output of 350,000 metric tons of crude palm oil this year, up from 180,000 tons last year.



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