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Indonesian unit land shrimp giant

INDONESIA - 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.

Source: The Nation