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Asahi Group Holdings Ltd Announces Acquisition of Business by Joint Ventures Established by Joint Ventures of Subsidiary

Friday, 15 Nov 2013 04:15am EST 

Asahi Group Holdings Ltd announced that PT Tirta Sukses Perkasa (TSP) and PT Tirta Makmur Perkasa (TMP), which are two joint ventures established by two joint ventures of a subsidiary Asahi Group Holdings Southeast Asia Pte. Ltd., will acquire drinking water business from 22 group companies of PT Tirta Bahagia. TSP will acquire manufacturing assets and TMP will acquire sales assets, including land, plant, equipment, vehicle, inventory and brand, in March 2014. The transaction price is approximately IDR 2.2 trillion (approximately JPY 18.9 billion). 

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