Halcyon Agri acquires four Indonesian NR factories

Singapore – Natural rubber supply group Halcyon Agri Corp. Ltd has completed the purchase of four Indonesian rubber processing factories for S$86.75 million (€53.5 million), the company announced 23 April.

halcyon-agriThe figure is below the initial agreement in January with PT Sumber Djantin (PTSD) and PT Sumber Alam (PTSD), which envisaged a sum of S$105.3 million for the purchase.

The acquisition includes the purchase of 100% of the issued and paid-up shares in the two companies, via Halcyon’s…

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