The private equity firms have hired an adviser to find a buyer for their combined stake of nearly 69 percent in Solusi Tunas Pratama Tbk PT (STP).
Indonesia hopes to attract Canada Pension Plan, Japan's GPIF.
The owner of the 7-Eleven master franchise in Indonesia is closing all its domestic outlets.
Astra and StanChart each owned 44.8 percent of Permata as of Dec. 31
State-controlled Mandiri is also setting its sights on regional growth, with plans to invest at least 300 million ringgit ($72 million) to open 10 to
British lender HSBC plans to inject $1 billion of additional capital into its combined Indonesian business with PT Bank Ekonomi Raharja, an official a
IPOs & Markets
Sriwijaya Air's plan to go public next year comes as domestic rival Lion Air, the country's biggest budget carrier, is also considering floating its s
Telkom ended an agreement to buy the company from Japanese private equity firm Advantage Partners, the state-controlled Indonesian company said in a f
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