ATS has submitted the proposal that it has been ready with IDR4 trillion to acquire Semen Padang. The company reportedly got the fund from Pan-Asia Presidio Capital Advisors Pte Ltd, a Singapore based investment bank.
In the meantime if Cemex agrees to sell 24.9 per cent stake of Semen Gresik to Rajawali Group, the company should let Semen Padang to be separated from Semen Gresik, Andalas says.