Thailand's SCG Packaging to acquire Fajar Paper, consolidating leading position in Southeast Asia

摘要

Thailand's SCG Packaging looks set to acquire a 55% stake in Indonesia's largest recycled containerboard producer, Fajar Surya Wisesa (known as Fajar Paper) for $665 million. The acquisition is expected to wrap up in the third quarter. The firms indicated that the transaction will be executed through the purchase of existing shares from Fajar Paper shareholders with a combined stake of 55%, by an SCG Packaging subsidiary.