PT Barito Pacific plans to acquire 70% stake in Chandra Asri for which it plans to launch rights issue in November to raise Rp9.16 trillion (US$1 billion) in fresh fund. Barito estimates an annual contribution of US$70 million to its profit from PT Chandra Asri after the process of acquiring the petrochemical company is completed. Chandra Asri, Indonesia's sole ethylene producer reorted net sales of US$634.17 mln in the first half of this year with net profit of US$51.92 mln. Its total sales this year are forecast to reach around US$1 bln up slightly from US$978.6 mln last year.
05-Oct-07 
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