CVC opts for marketed sell-down in Matahari Department Store

The secondary share sale, which will essentially be a re-IPO of the Indonesian company, is expected to raise at least $1 billion.
<div style="text-align: left;"> A Matahari department store in Bali </div>
<div style="text-align: left;"> A Matahari department store in Bali </div>
February 19, 2013

After trying to find one large buyer for its stake in Matahari Department Store, CVC Capital Partners has decided to monetise a portion of it through the capital markets instead.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media