Delfi to dispose entire 50% stake in Meiji’s Indonesia unit for $11.6 mil

SINGAPORE (March 16): Delfi Limited, the cocoa manufacturer and supplier formerly known as Petra Foods, says its Indonesia subsidiary PT Perusahaan Industri Ceres will be disposing its entire 50% stake in PT Ceres Meiji Indotama (CMI) to Meiji and Meiji Seika (Singapore) for US$8.3 million ($11.65 million).

The Japanese snack food company and its Singapore subsidiary hold a 50% interest in CMI collectively.

Following completion of the disposal of Delfi’s 3.75 million shares in the company, the group will cease to have any interest in CMI.  

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