Saratoga Eyes More Acquisitions of Consumer Goods Companies for Diversification
Jakarta. Saratoga Investama Sedaya, an investment company controlled by Sandiaga Uno and Edwin Soeryadjaya, is setting aside $100 million for acquiring eight to 10 consumer goods companies as part of its diversification plan.
“Infrastructure dominates our portfolio, accounting for about 50 percent, while the rest comes from the natural resources sector and consumer goods. In the future we want all of them to be balanced at around 30 percent,” Saratoga president director Sandiaga Uno said on Tuesday.
The move to consumer goods sector is part of Saratoga’s $150 million investment plan.
Last year, the company acquired a 5.8 percent stake in Gilang Agung Persada — the license holder of several international brands including Guess, Celine Givenchy, La Senza, Gao, Banana Republic, Raoul, VNC, Nautica, Swarovski, and Victorinox Swiss Army — for $5.2 million.
GlobeAsia
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