CVC moves to exit Indonesia's Link Net, buys Malaysia's Affin Hwang
CVC Capital Partners is shaking up its Southeast Asia portfolio with a renewed attempt to exit Indonesian broadband and cable TV provider Link Net and the acquisition of Malaysia-based asset manager Affin Hwang Asset Management.
The private equity firm has agreed to sell its 36.99% stake in Link Net to local mobile carrier XL Axiata for IDR 4.89trn (USD 340m), according to a filing. Lippo Group-owned First Media will offload its...
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