CVC Reportedly Appointed Advisors For Stake Sale In Matahari Department
October 22, 2012 at 12:00 am EDT
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People with direct knowledge of the matter said that CVC Capital Partners Ltd. appointed CIMB Group Holdings Bhd., Morgan Stanley and UBS AG to advise on the sale of stake in PT Matahari Department Store Tbk in a deal that could be worth up to $1 billion. It was not clear as to how many shares would be offered. One of the people said that the potential sale shares in Matahari could happen in the first quarter of 2013.
PT Matahari Department Store Tbk is an Indonesia-based company, which is engaged in the retail business for several types of products such as clothes, accessories, bags, shoes, cosmetics, and household appliances, and management consulting service. The Companyâs segments include Sumatra; Java; Kalimantan, Sulawesi and Maluku, and Others. It operates approximately 156 stores. The Companyâs brands include Nevada, Details, Little M, connection, Cole and Pipiniko. It offer clothes, such as chaos and polo shirt, blouse shirt, sweater and cardigan, dress, outerwear, long pants, jeans, shorts, underwear and sleepwear, maternity clothes, sports clothing, playsuits and jumpsuits. It offers shoes, such as slippers, sneakers, sport shoes, slip Ons, formal shoes, and boots. It offers products under suitcase, such as backpack, shoulder bags, handbags, suitcases and travel bags, wallet, and sports bag.
PT MATAHARI DEPARTMENT STORE TBK 