Agri unit buys RI company

Agri unit buys RI company

SINGAPORE (AFX-ASIA): Golden Agri-Resources Ltd said its unit PT Ivo Mas Tunggal has acquired PT Agropalma Sejahtera, which owns palm plantations in West Kalimantan, for a cash consideration of Rp 1.3 billion.

Golden Agri-Resources, a unit of Asia Food & Properties, said the acquisition gives the company 35,000 hectares of landrights located in Western Kalimantan, Indonesia, of which 26,000 are ready for planting.