KKR to up stake in Indonesia's Tiga Pilar Sejahtera Food
KKR will acquire a further 10% of Indonesian rice and noodle producer Tiga Pilar Sejahtera Food (TPSF) for IDR658 billion ($55 million). The PE firm first invested in TPSF last year, representing its first deal in Indonesia.
TPSF will sell 292.6 million shares to KKR at IDR2,250 apiece by next week, Sjambiri Lioe, the company's director of finance, told Reuters. The proceeds will be used to support expansion into markets such...
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