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Investment 25 Aug 2020 | 7:00 AM

Indonesia’s top drugmaker Kalbe Farma weighs food unit IPO

JAKARTA: PT Kalbe Farma, Indonesia’s biggest drugmaker by market value, is considering an initial public offering (IPO) for its nutritional food unit PT Sanghiang Perkasa, which could raise about US$500mil, according to people with knowledge of the matter.