Indofood Agri Resources Ltd said Friday that it is buying a 60% stake in a sugar plantation company in Indonesia for about S$56 million.
The company, PT Lajuperdana Indah, currently owns a sugar cane plantation in South Sumatra, Indofood said in a statement.
Indofood is the Singapore-based unit of the world's largest instant noodle maker, Indonesia's PT Indofood Sukses Makmur.
Source Dow Jones Newswires
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