Feb 18, 2011

Nusantara Bulk to buy Cangkrampanah

Privately-owned company PT Nusantara Bulk Terminal, transportation provider for commodities that operates a bulk terminal in Jambi provinci, today announces its plan to acquire some stake in PT Cangkrampanah Mutiara.
In an announcement published today, the share holder meeting to approve the acquisition will be held in 30 days at last after Nusantara Terminal published the takeover today.
No detail information about Cangkrampanah business and owners.
According to the announcement, creditors of both Cangkrampanah and Nusantara Bulk Terminal may file the objection over the proposed acquisition within 14 days after the announcement. 
The Jambi terminal enables Nusantara Bulk to cater commodities like coal, CPO, and rubber. Once its completed, the terminal would enable commodity producers, traders, and buyers to speed up the delivery process. Through its subsidiaries, Nusantara Bulk will be operating several coal concessions in Muara Tebo area.

Disclosure: No position at the stock mentioned above.  

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