Kenny Kim
PETALING JAYA: CIMB Private Equity (CIMB PE) has acquired a 10% stake in PT Modern Internasional Tbk (MDRN), the retail operator and owner of the 7-Eleven convenience store franchise in Indonesia, for about US$25mil (RM81.8mil).
In a statement yesterday, it said that the investment was made via a subscription of newly issued shares that represented 10% of the existing share capital of MDRN.
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