Thailand's SCG Packaging buys $652m stake in Indonesia's Fajar Surya

Thailand's SCG Packaging buys $652m stake in Indonesia's Fajar Surya

Image from SCG Packaging.

Thailand-based SCG Packaging has acquired an additional stake worth $652.4 million in Indonesian packaging paper maker Fajar Surya, increasing its ownership in the company to 99.7% in a move to expand its operations in Southeast Asia.

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