CVC and partners raise $1.3 billion from Matahari sell-down

International investors are keen to get a piece of Indonesia’s leading department store operator, allowing the price to be fixed above the mid-point.

Anette Jönsson

March 25, 2013

Private equity firm CVC Capital and the other controlling shareholders of Indonesia’s Matahari Department Store have raised Rp12.66 trillion ($1.3 billion) after pricing the fully-marketed follow-on share sale above the mid-point of the range.

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