CVC completes $215m sell down of Indonesia's Matahari
CVC Capital Partners has raised IDR2.49 trillion ($215 million) by trimming its stake in Indonesian retailer Matahari Department Store. This follows a $1.3 billion share sale last year by the PE firm and its local partner, the Riady family’s Lippo Group.
According to a regulatory filing, CVC-owned Asia Color Company offloaded 190 million shares in Matahari - or 6.5% of the company - at INR13,100 apiece. Asia Color's stake in the retailer now stands at...
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