KKR invests $74m in Indonesian bread producer
KKR has paid around $74 million for a 12.64% stake in Nippon Indosari Corpindo, an Indonesian bakery business backed by local conglomerate Salim Group and best known for the Sari Roti brand.
The private equity firm bought approximately 790 million shares in the Jakarta-listed company for IDR1,275 apiece, according to a statement. The stock closed at IDR1,330 on October 26. Established...
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