Negative Response to Indofood CBP Acquisition

Negative Response to Indofood CBP Acquisition. Indofood CBP Sukses Makmur Tbk (ICBP IJ) will acquire shares in Pinehill Corpora Limited. We consider that this corporate action has the potential to suppress ICBP financial condition in the short term. ICBP will need funds of around IDR 30.3 trillion to complete the acquisition of IDR 44.4 trillion. This will increase the ICBP debt to equity (DER) to 1x.To subscribe please click here