SCG acquires 29% Stake in Indonesia#s Leading Modern Retailer and Distributor of Home Products

Real Estate Press Releases Monday July 16, 2018 15:08
Bangkok--16 Jul--SCG

SCG engages in an integral part in the sustainable development within the region by acquiring a 29% stake in PT Catur Sentosa Adiprana Tbk (CSA). CSA has two core businesses including modern retailing named "Mitra10" and distributing of home products. Mitra10 is Indonesia's leading modern retailer of home products operating 27 stores in most of the main cities. For the distribution business, CSA has access to network of more than 30,000 traditional building materials retailers nationwide. Having a stake in CSA allows SCG to further execute its penetration into the high-growth and vast Indonesian market. Moreover, the investment will gain further synergy with SCG's existing assets in Indonesia.

This acquisition has a transaction value of 1,035 billion IDR (approximately 2,400 million Baht), and the transaction is expected to be completed in the third quarter of 2018. SCG's acquisition will be through SCG Retail Holding Company Limited, a wholly owned subsidiary of SCG in Cement-Building Materials Business. The size of this transaction is 0.41% of total assets stated in SCG consolidated financial statements as at March 31, 2018. After the transaction is combined with those in the past six months prior, the total size will be 4.84%.

In order that, CSA is a listed company on the Indonesia Stock Exchange under the ticker "CSAP.JK". In 2017, CSA had approximately consolidated sales of 23,700 million Baht, and total assets of 12,000 million Baht.


Latest Press Release

Sansiri PLC raises its stake in Standard International from 37% to 59% given confidence in the companys global expansion plans

Sansiri PLC, Thailand's leading real estate developer, announced its investment to increase its shareholding in Standard International Holdings (SIH), the parent company of The Standard, an American hotel brand known for its taste-making clientele,...

IMKAN Awards China#s CNTC as Main Contractor for Pixel Project in Makers District on Reem Island

Abu Dhabi-based developer's partnership with CNTC mirrors the capital's support for the China Belt and Road Initiative Esteemed Chinese construction company China Nantong Sanjian Construction Group (CNTC), has been awarded as the main contractor for...

21st CBD Fair (Guangzhou) in China Attracts Nearly 200,000 Visitors, New Exhibition Announced for 2020

The 21st China (Guangzhou) International Building Decoration Fair ("CBD Fair (Guangzhou) 2019") has concluded its most extensive exhibition to date, with over 2,100 brands showcasing their products and services across 420,000 m2 of exhibition space. The...

Habitat Group honoured with ten awards at 2019 PropertyGuru Thailand Property Awards

Thailand's leading premium property-for-investment developer, Habitat Group, received high acclaim at the 2019 PropertyGuru Thailand Property Awards being honoured with ten prestigious awards, including the highly coveted Best Boutique Developer. In...

YU KIRORO LUXURY SKI-IN SKI-OUT CONDOMINIUM IN HOKKAIDO LAUNCH IN TAIWAN

The launch of YU KIRORO in Taiwan on 8th September 2019 will be held at Le Meridien Taipei Hotel with exclusive offers. YU KIRORO is situated amid the pristine scenery of Kiroro Resort with stunning mountain views in all direction. For the first time...

Related Topics