Global private equity firm, CVC Capital Partners through Asia Link Dewa and First Media (KBLV, unit of Lippo Group), is to sell 63.45% shares of cable TV provider Link Net (LINK). It aims to raise over Rp4 trillion. According to the management, four investors are conducting the due diligence process. Two of them are investors from Malaysia, and the other two are Japanese companies. XL Axiata (EXCL), Malaysia’s Axiata Bhd unit, is also rumored to buy LINK shares.
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