TransCorp Expands Its Wings

TransCorp Expands Its Wings
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After successfully acquired 40% of stake at Carrefour Indonesia, TransCorp owned by businessman Chairul Tandjung is gearing up to grab stakes in Carrefour Malaysia and Singapore. TransCorp has been listed as one of the bidder to acquires both Carrefour in both country.

Carrefour has 19 stores in Malaysia and 2 stores in Singapore with turnover up to $400 million. Carrefour plans to focus on China and India, that is why they put the stakes in their stores in Malaysia, Singapore, and India up for grabs, up to 100% ownership.

Para Group is probably Indonesia's fastest growing group with business ranging from media, entertainment, retails, commodity, and property. Chairul Tandjung is Indonesia's 18th richest man according to Forbes. Para Group one among several groups in Indonesia to start eying overseas venture as Indonesia domestic market start to maturing.

Source: Tempo Interaktif

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