Business
Ultrajaya Wants All of Frisian Flag Indonesia for Rp14.57T — So Who Ends Up in Control?
ULTJ seeks shareholder approval to acquire all of PT Frisian Flag Indonesia via inbreng for Rp14.57 trillion (~US$821.2 million), with FrieslandCampina set to become Ultrajaya’s new controlling shareholder after a fourth rights issue and Oct 27 EGM.