Jan 10, 2011

Matahari retains Hypermart business

PT Matahari Putra Prima, Indonesia's biggest retailer by market value, said it will retain, and further intensify and expand its Hypermart Food Retail business as a wholly-owned business division of the company.
Matahari, in an e-mailed press release today, said a review by Bank of America Corp.'s Merrill Lynch unit recommended Matahari bring in a global partner into MPP to expand its hypermart food business and divest of non-core, non-food retailing assets.

Disclosure: No position at the stock mentioned above.

Print This Article

No comments: