Indonesian retailer Matahari has said that four firms, including Lotte Shopping, are interested in investing in its hypermarket business, according to reports.
According to Reuters, Matahari said yesterday (2 December) that the four companies are interested in investing in the company as a majority shareholder and becoming a partner to expand its Hypermart hypermarket unit.
Go deeper with GlobalData
“Management is happy … for the interest from several global retailers to invest and become a partner,” said Daniel Kojongian, a director at Matahari.
According to earlier reports, Wal-Mart Stores, Casino and South Korean retailer Shinsegae Co are also in the running to acquire the retailer.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
