Cargill-Temasek restructure PT Hindoli
CTP Holdings Pte, a plantation joint venture between US-based Cargill Inc and Singapore government control Temasek Holdings, restructured loans to PT Hindoli, a company previously controlled by Cargill.
CTP Holdings decided to convert the loans to equity of PT Hindoli. The company was started inthe early 1990's, and was acquired by Cargill in 1995. Found on the island of Sumatra, Cargill directly operates 10,000 hectare oil palm plantations.
Last year, CTP Holdings acquired CDC Group plc’s palm plantation interests in Indonesia and Papua New Guinea. These include a plantation in Kalimantan (Indonesia) and a majority shareholding in four other plantations in the region. One of these plantations is located in Sumatra (Indonesia), with the other three in Higaturu, Milne Bay and Poliamba (Papua New Guinea).
Cargill is the majority shareholder of CTP and will assume managerial and operational responsibilities. Cargill’s existing palm plantation in Sumatra then became part of CTP.
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CTP Holdings decided to convert the loans to equity of PT Hindoli. The company was started inthe early 1990's, and was acquired by Cargill in 1995. Found on the island of Sumatra, Cargill directly operates 10,000 hectare oil palm plantations.
Last year, CTP Holdings acquired CDC Group plc’s palm plantation interests in Indonesia and Papua New Guinea. These include a plantation in Kalimantan (Indonesia) and a majority shareholding in four other plantations in the region. One of these plantations is located in Sumatra (Indonesia), with the other three in Higaturu, Milne Bay and Poliamba (Papua New Guinea).
Cargill is the majority shareholder of CTP and will assume managerial and operational responsibilities. Cargill’s existing palm plantation in Sumatra then became part of CTP.
Labels: Temasek
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posted by yosef at 1:12 PM
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