CVC exits Matahari with $227m block

Shareholders including two controlled by CVC Capital Partners sold shares in Indonesia’s largest shopping mall operator on the back of strong operational figures.

CVC exits Matahari with $227m block

CVC Capital Partners and another shareholder of Indonesia's Matahari Department Store capitalised on the stock’s strong market performance by raising Rp3 trillion $227 million through an accelerated bookbuild.

A trio of shareholders including Asia Color, Meadow Asia, and Conrex offered a total of 125.2 million shares in Matahari -- 4.3% of the retail chain's outstanding share capital -- at an indicative price range of Rp17,000 to Rp17,800 each, or a discount of 5.3% to...

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  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...