PT. Indofood CBP Sukses Makmur Tbk

PT Indofood CBP Sukses Makmur Tbk ("ICBP") is an established and market leading producer of diverse consumer branded products providing everyday solutions for consumers of all ages. Many of its product brands enjoy significant mindshare in Indonesia, along with decades of trust and loyalty from millions of Indonesian consumers. ICBP was established in September 2009 following the internal restructuring of the Consumer Branded Products (CBP) Group of its parent company, PT Indofood Sukses Makmur Tbk (Indofood). As a result, the business operations of Indofood's CBP Group, comprising noodles, dairy, snack foods, food seasonings, nutrition and special foods, and biscuits (previously under the Bogasari Group), were transferred to ICBP. ICBP was listed on the IDX on 7 October 2010. At present, Indofood remains its majority shareholder with an ownership of about 80%. This allows ICBP to enjoy continued synergies with other Indofood companies, boosting its competitive advantage. In 2012, ICBP initiated new business opportunities by establishing two joint venture companies with Asahi Group Holdings Southeast Asia Pte. Ltd. ("Asahi") to enter into non-alcoholic beverage business in Indonesia. The beverage business commenced on end of 2013 following the acquisition of an exclusive bottler for PepsiCo products and water assets acquisition in early 2014.