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Deal #4148

Location #1

Spatial accuracy level
Administrative region
Location
Musi Banyuasin, South Sumatra, Indonesia

Target country
Indonesia
Comment on location
Estate names in Musi Banyuasin: Mancang, Bumi Subur and Bukit Indah.

Location #2

Spatial accuracy level
Administrative region
Location
Kapuas, Central Kalimantan, Indonesia

Target country
Indonesia
Comment on location
Estate names in Kapuas: Lupak Dalam, Bunga Tanjung and Kuala Kapaus.

Land area

Size under contract (leased or purchased area, in ha)
[2008] 36300

Intention of investment

Intention of investment
Food crops, Non-food agricultural commodities
Comment on intention of investment
Mainly for the manufacture of edible oils & fats.

Negotiation status

Negotiation status
[2008] Concluded (Contract signed)
Comment on negotiation status
In 2008 PT SIMP (subsidiary of Indofood) entered into conditional sale & purchase agreement to acquire 100% issued share of PT Hijaupertiwi Indah Plantation (HPIP) and PT Cangkul Bumisubur and its subsidiary PT Pelangi Inti Pertiwi (collectively "CBS"). HPIP and CBS hold 36,300 hectares of land bank in South Sumatra and Central Kalimantan.

Implementation status

Implementation status
[2008] In operation (production)

Operating company

Comment on investment chain
PT Hijaupertiwi Indah Plantation (HPIP), PT Cangkul Bumisubur and its subsidiary PT Pelangi Inti Pertiwi (collectively "CBS") hold 36,300 hectares of land bank in Indonesia. HPIP and CBS are subsidiaries of PT SIMP, which is a subsidiary of Indofood.

 

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Data source #1

Data source type
Company sources
File
Date
2013-10-24

Data source #2

Data source type
Company sources
File
Date
2013-10-24

Data source #3

Data source type
Company sources
File
Date
2013-10-24

Data source #4

Data source type
Company sources
File
Date
2012-12-31

Data source #5

Data source type
Company sources
File
Date
2014-12-31

Former land owner (not by constitution)

Former land owner
Private (large-scale farm)

Former land use

Former land use
Commercial (large-scale) agriculture

Former land cover

Former land cover
Cropland

Detailed crop, animal and mineral information

Crops area
Oil Palm

In country processing of produce

In country processing of produce
Yes

May 14, 2018, 10:05 p.m.

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July 19, 2015, 12:53 a.m.

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Oct. 24, 2013, 1:14 p.m.

overwritten

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Oct. 24, 2013, 1:08 p.m.

active

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