Jul 15, 2010

Indofood CBP names 4 IPO underwriters

PT Indofood CBP Sukses Makmur (Consumer Branded Product/CBP), subsidiary of Indonesia's largest instant noodle maker PT Indofood Sukses Makmur Tbk (INDF), has mandated 4 lead underwriters to arrange initial public offering (IPO).
"Indofood CBP has appointed Kim Eng Securities, Credit Suisse Securities, Deutsche Bank, and Mandiri Sekuritas to underwrite IPO," said Indofood CBP's Director Werianty Setiawan as quoted by detikfinance today.
Indofood CBP aims to seize US$500 million of cash from the IPO. The company held a mini expose in front of director of Indonesia Stock Exchange yesterday.
"We have held a mini expose to IDX. We are waiting for approval from Bapepam-LK," Head of Investment Banking of Mandiri Sekuritas Iman Rachman said.

Disclosure: No position at the stock mentioned above.

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