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OUE in tie-up to acquire controlling stake in Indonesian retailer Matahari

SINGAPORE (THE BUSINESS TIMES) - Property developer OUE on Wednesday morning (May 5) announced it had established a joint venture (JV) company to acquire up to a 40 per cent stake in Jakarta-listed PT Matahari Department Store Tbk (Matahari). Named Auric Digital Retail, the JV firm will be 60 per cent owned by Auric Bespoke I, a wholly owned subsidiary of Auric Capital Holdings, with the remaining 40 per cent stake held by OUE subsidiary OUE Retail Holdings. The acquisition will be made by way ...
Retail Holdings Auric Capital Holdings Greater Universal Limited Pt Matahari Department Store Tbk Department Store Tbk Auric Digital Retail

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