Private equity firm CVC Capital Partner said it had acquired a “minority stake” in Indonesian gas company PT Samator Indo Gas (AGII.JK) from existing shareholders for $155 million.
The deal marks CVC’s eighth investment in Indonesia, the largest economy in Southeast Asia, since 2010, it said in a statement
Following the entry of CVC, Samator Indo Gas seeks to expand further, including constructing a new plant in Kawasan Industri Terpadu Batang in Central Java, the statement added, without disclosing exactly how much stake did CVC acquired.
Read more: Reuters
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