CVC appoints banks to run Matahari sale – report
CVC Capital Partners is said to have appointed CIMB, Morgan Stanley and UBS to manage the sale of its majority stake in Indonesia’s Matahari Department Store.
The sale is likely to happen in the first half of 2013, Reuters reported. CVC values the entire company at more than $2 billion, having paid $633 million for a 72.6% stake in early 2010 from Matahari Putra...
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