Numico ups stake in Sari Husada to 94.8%

Numico ups stake in Sari Husada to 94.8%

AMSTERDAM: Royal Numico N.V. said on Friday that it has reached agreement to acquire a further 8.5 percent stake in PT Sari Husada Tbk thereby increasing its shareholding to 94.8 percent.

The value of the transaction amounts to a price of Rp 3,500 per share and will be acquired from individuals of the Widjaja family.

Numico has also agreed to sell its 15.6 percent stake in PT Tigaraksa Satria Tbk for the price of Rp 3,800 per share. Tigaraksa is an Indonesian distributor which is majority controlled by members of the Widjaja family. -- Dow Jones