CVC-controlled Matahari Department Store launches $1.36 billion follow-on

The deal is supported by 15 cornerstone investors, who will buy up to 36% of the base offering, and was fully covered on the first day, sources say.

<div style="text-align: left;"> One of Matahari’s 116 department stores in Indonesia (AFP) </div>

Anette Jönsson

March 12, 2013

The controlling shareholders of Matahari Department Store yesterday kicked off the bookbuilding for what could become the largest equity offering in Indonesia in almost five years.

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