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CVC in Talks to Exit Top Indonesian Snacks Maker GarudaFood-Sources

Senin, 22 Agustus 2022 | 16:19 WIB
CVC in Talks to Exit Top Indonesian Snacks Maker GarudaFood-Sources

ILUSTRASI. CVC Capital Partners

Kontan + Kompas.id : Rp 95.000 Hemat hingga 55%

Sumber: Reuters | Editor: Thomas Hadiwinata

KONTAN.CO.ID - SINGAPORE, Aug 22 (Reuters) - Private equity firm CVC Capital Partners is in talks to sell its 20% stake worth about $270 million in Indonesia's top snack-food producer GarudaFood Putra Putri Jaya, sources familiar with the matter told Reuters.

CVC has engaged a financial adviser for the negotiations, said the sources. One of the sources said the talks were still at an early stage, and another source said a deal could fetch as much as $300 million.

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