CVC considers Matahari share sale – report
CVC Capital Partners has reportedly asked bankers to advise on selling shares in Matahari Department Store, the Indonesian retailer it acquired two years ago for INR7.2 trillion ($616.3 million). It remains the largest ever private equity investment in a consumer business in the country.
According to The Wall Street Journal, the sale is scheduled for next year, but it offered no details on how much of CVC's holding would be exited or how much could be raised. Matahari is Indonesia's...
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