Mahkota Group Pushes Performance by Acquiring Palm Oil Mill
Crude palm oil producer PT Mahkota Group Tbk (MGRO), through its subsidiary PT Berlian Inti Mekar, has officially acquired a palm oil mill from PT Mahkota Andalan Sawit as of November 8, 2019. The asset purchase value was Rp 120 billion.
The asset also includes all facilities and infrastructure supporting the mill. The acquisition fund will come from the MGRO subsidiary's bank loans.