Private equity firm CVC Capital Partners is in talks to sell its 20% stake worth about $270 million in Indonesia’s top snack-food producer GarudaFood Putra Putri Jaya, sources familiar with the matter told Reuters.
CVC has engaged a financial adviser for the negotiations, said the sources. One of the sources said the talks were still at an early stage, and another source said a deal could fetch as much as $300 million.
