Creador SPV buys 40% stake in CCK subsidiary

PETALING LAYA: CCK Consolidated Holdings Bhd has signed an agreement with Astrantia Sdn Bhd, a special-purpose vehicle (SPV) of Creador Sdn Bhd, which will see Astrantia making a RM170.3mil investment to acquire 40% stake in CCK’s subsidiary, PT Adilmart.

In a filing with Bursa Malaysia, CCK said the investment will facilitate the expansion of Adilmart, which specialises in the production of frozen food including sausages and other processed meat products.