Humpuss internal acquisition

JAKARTA (JP): A tanker company, PT Humpuss Sea Transport, plans to buy a majority stake in its sister company PT Humpuss Terminal Peti Kemas, which operates a container terminal at Jakarta's Tanjung Priok port, an executive said.

The executive said in Bisnis Indonesia yesterday that before the internal acquisition, Humpuss Terminal Peti Kemas would first buy a majority stake in another company under the Humpuss Group, PT Senawangi Wisamarta Utama which is based on Batam island.

Humpuss Sea Transport also planned to go public in the near future, the executive said. (13)