Temasek subsidiary to buy 26.1% stake of Matahari


Jakarta, posted: Wed, February 6 2013 | 09:21 am

Diversified holding company PT Multipolar (MLPL) says it will sell a 26.1 percent stake of subsidiary PT Matahari Putra Prima (MPPA) to Singapore investment company Temasek Holdings Ltd.

Eddy Handoko, Multipolar’s president director, said that the company and Temasek subsidiary Anderson Investments Pte. Ltd. signed an exchangeable rights subscription agreement in January, allowing Ande...