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AISA’s Future Chances with KKR

On July 22, 2013, Tiga Pilar Sejahtera Food (AISA) stated that two days ago, some main shareholders agreed to sell their shares to Kohlberg Kravis Roberts (KKR), one of the biggest private equity firms in the world, amounting to 9.5% of the total subscribed and fully paid shares. The value of transaction was undisclosed, but it was issued that it reached $ 40 million. The joining of KKR will help the company to grow, where KKR will put their representative in the board of commissioners. While for KKR, this acquisition becomes their initial step to enter the consumer goods industry in Indonesia.