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Halcyon Agri plans to buy Indonesian rubber plants for $450 million

Published on Jun 19, 2014 8:08 PM

SINGAPORE - Locally-listed Halcyon Agri Corporation announced Thursday its intention to acquire Anson Company for $450 million.

Anson owns and operates nine crumb rubber factories in Indonesia, with four in Palembang, two in Jambi, two in Northern Sumatra and one in Pontianak.

With its subsidiaries, Anson's factories have a licensed capacity of 408,000 metric tonnes a year.

In a statement to Singapore Exchange, Halcyon said that the terms of the agreement for the proposed acquisition were "currently under negotiation".

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