date:Jan 29, 2013
said that the acquisition indicates the company's commitment to making growth investments in Indonesia, and reflects its strong capabilities in Indonesia and India.
PT Simba has a number of leading Indonesian brands in cereal and snacks business with excellent growth prospects, Vasudevan said.
HSBC acted as an exclusive advisor to Godrej on the deal.
PT Simba was purchased by Godrej as a part of its $270m transaction to acquire the Megasari Group in 2010 for $270m.
The acquisition of Megasar