|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||8,300.00 - 8,400.00|
|52 Week Range||7,200.00 - 9,200.00|
|PE Ratio (TTM)||N/A|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
SINGAPORE/JAKARTA, Dec 11 (Reuters) - Indonesia's Salim group, headed by the country's third-richest man Anthoni Salim, is raising $1 billion from a group of private equity firms including Northstar Group and TPG partly to repay debt, two people with knowledge of the matter said. Gateway Management, a Singapore-based fund backed by former Standard Chartered bankers, will also participate in the fundraising, which will be backed by Salim Group's Hong Kong-listed investment firm First Pacific Co Ltd, the sources said, declining to be named as the matter remained confidential. The financing is structured to give investors access to shares in Salim Group companies including Indomaret, a minimarket operator owned by PT Indomarco Prismatama, the sources said.
El Nino, a weather pattern formed when the Pacific ocean warms, could impact two major food stocks in Southeast Asia.
Indonesian poultry suppliers are weeks away from making their first exports of processed chicken to Japan in a decade, an endorsement of quality that will boost the Southeast Asian nation's push into a regional market dominated by Thailand. Japan cut off Indonesian imports around 10 years ago over avian-flu concerns, but agreed to a resumption after a visit by trade delegates to updated facilities on Java island last summer, said Nurlaila Nur Muhamad, director of agriculture and forestry product exports at Indonesia's trade ministry.