CVC Partners Explores Matahari Sale

CVC Partners is exploring the sale of Indonesia's PT Matahari Department Store, sources told Reuters, seeking a price tag of more than $2 billion after paying less than half that for the company two-and-a-half years ago. A successful sale of fast-growing Matahari, Indonesia's biggest department store chain, would likely allow CVC to earn a strong investment return ahead of an expected fundraising push for its next Asia fund, the sources said.

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