Indonesia's Indofood to buy instant noodle maker Pinehill for $3b

Indonesia's Indofood to buy instant noodle maker Pinehill for $3b

Photo by Fidel Fernando on Unsplash

PT Indofood CBP Sukses Makmur, owned by Indonesian billionaire Anthoni Salim, plans to acquire a producer of instant noodles in Africa and the Middle East for $3 billion to expand in fast-growing markets for consumer products.