April 23, 2017 4:04 PM ET

Industrial Conglomerates

Company Overview of Salim Group

Company Overview

Salim Group, through its subsidiaries, engages in food manufacturing, agribusiness, distribution and retail, telecommunications, automobile, building materials, real estate, hotels and resorts, banking and financial services, infrastructure, chemical manufacturing, and international trade sectors. Salim Group was founded in 1949 and is headquartered in Jakarta, Indonesia.

Jakarta,  

Indonesia

Founded in 1949

Key Executives for Salim Group

Chief Executive Officer and President
Age: 67
Compensation as of Fiscal Year 2016.

Salim Group Key Developments

Salim Reportedly Seeks To Acquire Rio Tinto's Coalmining Assets

Anthoni Salim is believed to be scanning the Australian market for coalmining assets, with some questioning whether it could end up with some of Rio Tinto Limited's s portfolio on Australia's east coast, thought to be worth about AUD 2 billion. While it is understood that talks are not afoot between Rio and Salim Group, it would not be the first time it has embarked on a deal with Rio Tinto. On offer are NSW thermal coalmines although sources have said that other coking coal mines could be added to the mix. That is still to be determined.

Salim Seeks $1 Billion And Acquisitions

Salim Group set to raise $1 billion through a consortium of private equity firms led by Northstar Group as it targets acquisitions. TPG Capital, L.P. is also part of the group, according to people with knowledge of the deal, who said the loan would span six years but declined to comment on the coupon payment. I don’t think this falls into the category of troubled tycoon,” said one of the people. “He [Anthoni Salim] seems to be quite aggressive and extremely optimistic about Indonesia, so I think he actually has acquisitions in mind.” TPG and Northstar declined to comment. Spokespeople for the Salim Group were not immediately available for comment.

Salim Group eyeing 20% of CAB Cakaran

Salim Group is said to be eyeing as much as a 20% stake in Penang-based poultry player CAB Cakaran Corp Bhd, according to a source familiar with the matter. “Talks have been ongoing for months between the two parties — CAB Cakaran and Salim Group — they should be concluded soon enough,” the source said.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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