Indonesia's Lippo appoints banks for initial $200 mln e-commerce funding

April 19, 2015 5:00 PM

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JAKARTA, April 20 (Reuters) - Indonesian conglomerate Lippo Group has appointed Credit Suisse and Bank of America Merrill Lynch to lead its first round of funding, worth $200 million, for its e-commerce push.

Lippo, controlled by the Riady family, has also chosen Rothschild as its financial adviser for the transaction. The funding will be used to "dominate e-commerce in Indonesia," it said in a statement on Monday.

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