CVC acquires minority stake worth $155m in Indonesia's Samator Indo Gas

CVC acquires minority stake worth $155m in Indonesia's Samator Indo Gas

IDX-listed industrial gas producer PT Samator Indo Gas Tbk announced on Thursday that Matrix Company Limited, an investment holding company managed by CVC Capital Partners (CVC), has acquired a significant minority stake in it worth $155 million.

The Harsono family will continue to be top stakeholders in Samator Indo Gas, according to the statement. The Harsono family owns a 28.44% stake in Samator Indo Gas, as on March 2023, according to IDX data, while investment firm PT Saratoga Sedaya Investama and PT Aneka Mega Energi own a 10% stake each.

Edited by: Pramod Mathew

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