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