CVC Capital sells stakes in Indonesia's Matahari Dept Store

May 18, 2016 1:59 PM

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JAKARTA May 18 A sale of shares in Indonesian retailer PT Matahari Department Store Tbk has been launched by units of private equity firm CVC Capital Partners , IFR, a Thomson Reuters publication reported.

Conrex, Asia Color Company and Meadow Asia, all units of CVC Capital Partners, are selling their stakes for up to 2.22 billion rupiah ($166,000), according to a term sheet.

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