Marubeni to Sell Stake in Chandra Asri

摘要

Commerzbank International Trust (CIT;Singapore),a Commerzbank (Frankfurt) subsidiary,has reached a preliminary agreement to acquire Marubeni's 24.59% stake in olefins producer PT Chandra Asri (Jakarta),Marubeni says.CIT will also take over 581 million of loans that Marubeni has extended to Chandra Asri.Marubeni will acquire stakes from CIT in two pulp and paper companies in Indonesia,under terms of the deal.Marubeni and CIT expect to sign a final agreement within a few months.