JAKARTA Indonesian property developer PT Lippo Karawaci Tbk (LPKR.JK), the majority shareholder of PT Siloam International Hospitals Tbk (SILO.JK), said private equity firm CVC Capital Partners Ltd [CVC.UL] will buy 15 percent of the hospital operator for 2.2 trillion rupiah ($166 million).
CVC will buy the stake from Lippo and brokerage Ciptadana, Lippo said in a filing to the Indonesian stock exchange. Most of the proceeds will be used to expand Siloam's hospitals, it said. (bit.ly/2cllNlM)
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