May 31, 2012

Kalbe Farma acquires Hale International at Rp100 billion

Pharmaceutical company PT Kalbe Farma Tbk (KLBF) has agreed to acquire PT Hale International with consideration price of Rp100 billion.
Kalbe Farma entered into conditional sale and purchase agreement to takeover 100% stake in Hale International, a healty drink maker, on May 30 2012. The takeover is aimed to strengthen portfolio products of healty drink segment. According to Kalbe Farma, the takeover closing is expected in the coming months. 

Disclosure: No position at the stock mentioned above.

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