Semen Indonesia, the country's largest cement manufacturer, announced that it has signed a conditional sales & purchase agreement with LafargeHolcim Ltd to acquire a 80.6 percent stake in Holcim Indonesia, the third-biggest cement manufacturer in Indonesia. This USD $917 million deal not only rocks Indonesia's cement industry, but also makes Semen Indonesia's role in the domestic cement industry even more dominant, while also turning the company into one of the world's largest cement manufacturers.

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The Indonesian government took another major step forward in becoming the majority stakeholder (through state-owned mining holding company Indonesia Asahan Aluminium, or Inalum) of mining giant Freeport Indonesia that operates the lucrative Grasberg mine in Papua.

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Shares of Bank Rakyat Indonesia (BRI), one of the leading commercial banks in Indonesia, have fallen around 21 percent so far in 2018. Considering the recent capital outflows from Indonesia amid the high degree of uncertainty in global financial markets, it makes sense that shares of BRI are hit hard. After all, it is one of the blue chip stocks that is likened by foreign investors. However, a rumor - that says BRI wants to acquire a stake in Bank Muamalat Indonesia - may add pressures on BRI shares.

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Over the past week shares of Indonesian securities brokerage company Minna Padi Investama Sekuritas surged drastically from IDR 408 to IDR 985 a piece, a whopping 141 percent rise. What is behind this impressive performance?

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Fully state-owned Perusahaan Listrik Negara (PLN), which holds a monopoly on electricity distribution in Indonesia, will soon acquire coal mining concessions in order to safeguard its future coal supplies and have a stronger position when negotiating coal prices with traders. PLN's power plants are estimated to require slightly more than 88 million tons in 2017, hence being the country's largest coal consumer.

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Charoen Pokphand Indonesia, the largest producer of poultry feed, day old chicks and processed chickens in Indonesia, will not acquire convenience store (franchise) 7-Eleven from Modern Putra Indonesia, a subsidiary of Modern Internasional. On Monday (05/06) Modern Internasional said it had scrapped the deal while both parties had earlier signed a business acquisition agreement, in April 2017, regarding the sale of the 7-Eleven franchise for IDR 1 trillion (approx. $75.2 million).

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Charoen Pokphand Indonesia, the nation's largest producer of poultry feed, day old chicks and processed chickens, is set to acquire convenience store (franchise) 7-Eleven from Modern Putra Indonesia, a subsidiary of Modern Internasional. The deal, which is worth IDR 1 trillion (approx. USD $75 million), now only requires approval from Modern Internasional's shareholders. Rumors about this take-over had been heard since late March 2017.

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The Lippo Group, one of Indonesia's largest and most diversified conglomerates, is set to acquire a big stake in Singapore-listed Healthway Medical Corporation (HMC) through Gentle Care (a Lippo Group-linked unit). HMC is a private healthcare provider operating through two segments, including primary healthcare, and specialist & wellness healthcare. It owns and manages more than 100 medical centers and clinics, mainly in Singapore and China.

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RSM Indonesia, one of Indonesia's leading audit, tax and financial advisory firms, expects to see more mergers and acquisitions (M&A) in Indonesia in 2016 due to the improving global and domestic economic conditions, a stable rupiah exchange rate, and Indonesian's growing purchasing power. For foreign investors a M&A deal is one of the strategies to enter Indonesia. Up to early November, the total value of M&A deals in Indonesia in 2015 stood at USD $3.53 billion.

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Indonesian oil & gas exploration and production firm Medco Energi Internasional is reportedly eager to acquire a majority stake in copper and gold miner Newmont Nusa Tenggara (NNT), subsidiary of the US-based mining giant Newmont Mining Corp, which operates the Batu Hijau copper and gold mine on Sumbawa (West Nusa Tenggara). On Wednesday (25/11), the Medco Group informed Indonesian Coordinating Minister for Maritime Affairs Rizal Ramli that a MoU has already been signed between Medco and NNT to purchase a 76 percent stake, valued at USD $2.2 billion.

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Indonesia's air transport industry is about to see a big change as the nation's national flag carrier Garuda Indonesia said it will take over operational control of the rival Sriwijaya Group. This move seriously boosts the Garuda Group's share of the fast-growing domestic aviation market.

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Shares of Perusahaan Gas Negara, Indonesia's largest natural gas transportation and distribution company, have been performing in a very volatile manner so far in 2018. While in late February 2018 the company's shares had surged 55.43 percent to IDR 2,720 per share since the year-start, some five months later the same shares plunged to IDR 1,525 a piece (down 12.86 percent since the start of the year). What is going on with Perusahaan Gas Negara that can explain this volatile stock performance?

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In an extraordinary general meeting on Thursday (21/06), shareholders of Unilever Indonesia - which is among the biggest companies listed on the Indonesia Stock Exchange in terms of market capitalization - approved to sell the company's food spreads business to a subsidiary of KKR & Co, the New York-based global investment company that is engaged in a wide variety of sectors including private equity, energy, infrastructure, real estate, credit, and hedge funds.

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A number of listed coal mining companies on the Indonesia Stock Exchange are eager to raise production capacity amid attractive coal prices. One way to boost production capacity is through the acquisition of other coal miners. Indonesia's key thermal coal price (Harga Batubara Acuan, HBA) - the monthly benchmark price that is set by the Energy and Mineral Resources Ministry - rose slightly to USD $94.80 per metric ton in November 2017.

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