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ABR Holdings to acquire 50% stake in Bintan Lagoon Resort for $65 mil

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ABR Holdings to acquire 50% stake in Bintan Lagoon Resort for $65 mil

Samantha Chiew Published on Tue, Dec 19, 2017 / 5:57 PM GMT+8

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SINGAPORE (Dec 19): ABR Holdings is acquiring 50% of the entire issued and paid-up share capital of PT Bintan Lagoon Resort (BLR) from vendor Resort Venture for $65 million.

BLR owns Bintan Lagoon Resort in Bintan, a 311-hectare resort that comprises a hotel, golf courses, villas, as well as leisure and food and beverage facilities.

Following the acquisition, ABR will hold equal shares in BLR with Resort Venture.

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