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July 17, 2018updated 27 Jul 2018 8:15am

Siam Cement to buy 29% stake in Indonesian home products retailer CSA

Thailand-based cement and building material firm Siam Cement Public (SSC) has signed conditional agreements to purchase a 29% stake in Indonesian home products retailer PT Catur Sentosa Adiprana (CSA) for $72m.

Thailand-based cement and building material firm Siam Cement Public (SSC) has signed conditional agreements to purchase a 29% stake in Indonesian home products retailer PT Catur Sentosa Adiprana (CSA) for $72m.

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The deal includes a combination of newly issued shares and existing shares held by major shareholders and founder, who will continue as the controlling shareholder of CSA.

The deal also enables SCC to strengthen its presence further in the Indonesian market and increase business for its existing assets in Indonesia.

SCG Retail Holding, a wholly owned subsidiary of SCC, will handle the transaction on its behalf.

“CSA reported consolidated sales of around $71.3m and total assets of $36.1m last year.”

The transaction is scheduled to close in the third quarter of this year, following the fulfilment of conditions precedent.

Primary businesses of CSA include Mitra 10, which operates 27 locations in major cities and distribution businesses in the country.

The company also has access to a network of more than 30,000 traditional building material retailers nationwide.

CSA reported consolidated sales of around $71.3m and total assets of $36.1m last year.

Apart from Mitra 18, the company also operates a home furnishings modern retail segment Atria.

More than 5,000 SKUs from more than 100 principals supplies products to Atria. It also has more than 20 transportation vehicles and operates a 9,000m2 warehouse.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
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by GlobalData
Enter your details here to receive your free Report.