SINGAPORE: NWP Retail, a shopping mall developer backed by Warburg Pincus LLC, will spend US$123.5mil (RM505.19mil) buying five Lippo shopping malls in Indonesia.
Two shopping malls will be acquired from the Indonesian units of Singapore-listed Lippo Malls Indonesia Retail Trust for US$92mil (RM376.34mil) while another three will be bought for US$31.5mil (RM128.85mil) from entities owned by PT Multipolar.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!