Indonesian retailer Matahari announces $85m share buyback

MatahariMall. Photo: Bloomberg

Indonesian retail firm Matahari Department Stores (MDS) – whose parent company Multipolar is part of the Lippo Group conglomerate – has announced that it will buy-back up to 1.25 trillion rupiah ($85 million) worth of its common shares at a maximum price of Rp 13,330 apiece, according to an official release.

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