Gojek buys 4.76% stake in Indonesian conglomerate Lippo’s retail unit

Hypermart store. Photo by : Dimas Ardian / Bloomberg

Ride-hailing and payments decacorn Gojek has invested in the retail business of the Jakarta-based conglomerate Lippo Group, according to a disclosure to the Indonesia Stock Exchange (IDX).

The documents show that Gojek, through PT Pradipa Darpa Bangsa, bought 4.76% of PT Matahari Putra Prima Tbk (MPPA), worth 144.85 billion rupiah ($10.2 million), from its parent company PT Multipolar Tbk.

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