Page 8 - ar2013

KEY EVENTS IN 2013
8 MARCH 2013
IndoAgri acquired a 79.7% stake in MPM for Rp330 billion
through its subsidiaries, PT Salim Ivomas Pratama Tbk (PT SIMP)
and PT PP London Sumatra Indonesia Tbk (Lonsum). MPM owns
the SAL Group, which holds three industrial forest plantation
concessions totalling 73,330 hectares in Berau and East Kutai,
East Kalimantan.
25 JUNE 2013
IndoAgri acquired a 50% equity stake in CMAA for a cash
consideration of BRL143.4 million (approximately US$66.6 million).
CMAA is engaged in the cultivation and processing of sugar cane
for the production and marketing of sugar and ethanol, as well as
co-generation of electric power from sugar cane bagasse in Brazil.
30 SEPTEMBER 2013
IndoAgri established a S$500 million Euro Medium Term Note
Programme, improving the flexibility to raise funds for strategic
investments.
1 NOVEMBER 2013
IndoAgri released its first sustainability report, covering the
sustainability management and social engagement practices
of its oil palm plantations and mills in Indonesia between
1 January 2012 and 31 December 2012.
13 DECEMBER 2013
First Pacific Company Limited and IndoAgri formed a 70% : 30%
joint venture, FPNRL, to invest 34% in RHI, the largest integrated
sugar business in the Philippines. The cash consideration for
IndoAgri’s 30% stake was US$17.4 million.
4 INDOFOOD AGRI RESOURCES LTD • ANNUAL REPORT 2013