date:Aug 22, 2014
Indonesia's PT Indofood Sukses Makmur Tbk, one of the world's biggest instant noodle makers, has agreed to sell its entire 49 percent stake in a unit to Japan's Nissin Foods Holdings Co Ltd for $5.4 million.
Indofood, which sells popular instant noodle brands like Indomie and Supermi, signed a conditional sale and purchase agreement to sell 11.7 million shares in PT Nissinmas to Nissin Foods, the Indonesian company said in a stock exchange filing late on Wednesday.
The proposed transaction has