Mergers & Acquisitions

Indian company eyeing Indonesia's Semen Kupang

14 December, 2020

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The Jakarta Post reports that the Indian conglomerate Nava Bharat is looking to acquire the troubled Indonesian cement manufacturer Semen Kupang. The state-owned Semen Kupang has been forced to halt operations since May due to financial problems and has had to lay off 600 workers as a result.
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