Friday, March 09, 2007

Charoen's move on Dipasena

PT Charoen Phokpand Tbk has reportedly expressed its interest to finance PT Dipasena Citra after Recapital Advisors defaulted in providing additional funding for the ailing shrimp farm. The move would potentially make Charoen control its competitor Dipasena. It might too early to conclude this is an anti-competition, but it's a good exercise for Fair Business Competition Committee (KPPU) to analyze the possibility.

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2 Comments:

Anonymous mgunawan said...

Really?
Isn't the current director already coming from CP?

March 09, 2007 11:28 PM  
Anonymous Anonymous said...

And he also brings "da-whola-lotta" team from CP to join him in early 2006....
And CP group does have money to spent...
At least, hopefully it would be better for the shrimp farmers who attached to this company....

March 10, 2007 10:42 PM  

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