TPG eyes controlling stake in Indonesian tire manufacturer
US buyout firm TPG Capital has emerged as a potential bidder for Indonesian tire manufacturer Multistrada Arah Sarana, Reuters reported. It faces competition from South Korea's Hankook Tire and Japan’s Yokohama Rubber.
Bidders are eyeing a majority stake that is believed to have been put up for sale by Salim Group, one of the region's largest conglomerate, and investment banker Peter Tanuri. Their combined 44% stake...
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