Reuters - Aeon Eyes CVC-Owned Matahari Department Store

Japan's Aeon Co Ltd and a unit of Thailand's Central Group are eyeing a bid for PT Matahari Department Store, a CVC-owned retail group in Indonesia for which the private equity firm is seeking as much as $3.5 billion, Reuters reported. Reuters reported last October that CVC had hired banks to help sell the 80 percent stake it bought in PT Matahari in 2010 for $790 million. CVC had then teamed up with local Indonesian investment vehicle Matahari Putra Prima TBK (MPP) to buy a combined 98 percent stake in Matahari, in what is still the nation's biggest ever private equity buyout.

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