25/07/2014 (Reuters) - PT Astra Agro Lestari, the plantation unit of PT Astra International, acquired a 100 percent stake in East Kalimantan-based oil palm plantation firm PT Palma Plantasindo, worth 309 billion rupiah ($26.88 million), on July 15, the company said.

Palma Plantasindo holds land concessions totalling 10,000 hectares in East Kalimantan. (Investor Daily)

Note: Reuters has not verified this story and does not vouch for its accuracy. ($1 = 11495 rupiah)