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View all search resultsKalbe Farma sets up new joint venture
Publicly-listed pharmaceutical company PT Kalbe Farma said it had signed an agreement on June 28 with milk-based beverage producer PT Milko Beverage Industry regarding the establishment of a joint venture called PT Kalbe Milko Indonesia
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ublicly-listed pharmaceutical company PT Kalbe Farma said it had signed an agreement on June 28 with milk-based beverage producer PT Milko Beverage Industry regarding the establishment of a joint venture called PT Kalbe Milko Indonesia. Under the agreement, Kalbe will have a 51-percent stake in the joint venture while Milko beverage will own the remaining 49 percent.
“Milko Beverage will run a healthy food and beverage manufacture business,” Kalbe director and corporate secretary Vidjongitus said in a written statement.
