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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek to buy a stake in Indonesia’s Lippo group retalier unit

Posted on 05 February 2013

Singapore’s state investor Temasek Holdings will buy a 26.1 per cent stake in PT Matahari Putra Prima, Indonesia’s second biggest hypermarket-chain operator, worth $300 million via PT Multipolar , a Multipolar executive said on Monday.
Temasek, via its unit Anderson Investments, will buy the $300 million equity-link instrument issued by a unit of Multipolar and then it will use the fund to buy a 26.1 per cent stake of Matahari from the market, said Multipolar’s corporate secretary Chrysologus Sinulingga…………………………………….Full Article: Source


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