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Tue, May 29, 2007 : Last updated 19:21 pm (Thai local time)



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Home > Business > CP, I'nesian unit land shrimp giant





CP, I'nesian unit land shrimp giant

Local aquaculture firm PT Central Proteinprima (CP Prima) and its parent company, Thai agribusiness giant Charoen Pokphand - both operating under the Neptune consortium banner - have won the tender for the sale of Southeast Asia's largest shrimp-farming firm, PT Dipasena Citra Darmaja.

State Asset Management Co (PPA) president Syahrial said in a statement released on Thursday that the consortium had bid 688.12 billion rupiah (US$76 million, or Bt2.6 billion) for Dipasena, exceeding the minimum bid of $53.5 million set by the government.

The winner is also required to invest 1.7 trillion rupiah on developing Dipasena.

Finance Minister Sri Mulyani Indrawati said the PPA had carried out the sale of Dipasena in line with all the relevant procedures and having consulted with all the relevant parties.







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