TPG, Northstar-backed consortium to sell stake in Indonesia's BFI Finance

TPG, Northstar-backed consortium to sell stake in Indonesia's BFI Finance

Photo: REUTERS/Garry Lotulung

A consortium including private equity firms TPG and Northstar Group along with other investors may be looking to exit their stake in Indonesia’s PT BFI Finance Indonesia in a deal valuing the financial institution at about $1 billion, a source aware of the development has confirmed to this portal.

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