JAPFA & Multi Agro to merge

PT Japfa Comfeed Indonesia (JPFA) Tbk and PT Multi Agro Persada (FISH) Tbk has signed letter of intent on June 25 about merger plan between the two agriculture companies.

Japfa told Bapepam on Thursday that under the agreement, Japfa will be the surviving entity after the merger. Both companies have appointed PT Truscel Capital as independent valuer. According to the valuer, the fair price of Japfa is Rp605, while Multi Agro at Rp6596.

Japfa has total asset of Rp5.35 trillion, while Multi Agro at Rp345 billion. 

READ MORE!!!