Where do these ING Barings bankers find the time Fresh from winning the first FIG advisory mandate in Taiwan, the MA team has been appointed as adviser on what could prove to be one of the most interesting deals to come out of Indonesia.
Indofood has agreed to a call option to buy 30% of Golden Agri-Resources for $0.15 cents a share. If its due diligence proves positive it will exercise the option and $97.6 million for the company which is one of the largest oil palm plantations in the world, and is based in Indonesia.
By exercising the option, it will trigger a general offer under Singapore law. Golden Agri-Resources is Singapore-listed....
