General Atlantic Mulling Options for Indonesia Retail Stake

Bloomberg2021-06-01

Deal could value firm’s MAP Boga shares at about $300 million General Atlantic owns about 20% of local Starbucks operator General Atlantic is weighing options for its nearly 20% stake in Indonesia’s ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Erikca
2021-06-01
Erikca
Cool

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1185562879?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-06-01 21:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1185562879","market":"sg","top_or_hot":-1,"title":"General Atlantic Mulling Options for Indonesia Retail Stake","media":"Bloomberg","content":"<div>\n<p>Deal could value firm’s MAP Boga shares at about $300 million\nGeneral Atlantic owns about 20% of local Starbucks operator\n\nGeneral Atlantic is weighing options for its nearly 20% stake in Indonesia’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-01/general-atlantic-said-to-mull-options-for-indonesia-retail-stake?srnd=premium-asia\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>General Atlantic Mulling Options for Indonesia Retail Stake</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGeneral Atlantic Mulling Options for Indonesia Retail Stake\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 21:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-01/general-atlantic-said-to-mull-options-for-indonesia-retail-stake?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Deal could value firm’s MAP Boga shares at about $300 million\nGeneral Atlantic owns about 20% of local Starbucks operator\n\nGeneral Atlantic is weighing options for its nearly 20% stake in Indonesia’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-01/general-atlantic-said-to-mull-options-for-indonesia-retail-stake?srnd=premium-asia\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SBUX","symbol_name":"星巴克","start_time":0,"source_url":"https://www.bloomberg.com/news/articles/2021-06-01/general-atlantic-said-to-mull-options-for-indonesia-retail-stake?srnd=premium-asia","article_id":"1185562879","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1185562879","pubTimestamp":1622553129,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Deal could value firm’s MAP Boga shares at about $300 million\nGeneral Atlantic owns about 20% of loc","collect":0,"end_time":0,"defaultTopTitle":"bloomberg.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SBUX":"星巴克"},"translate_title":"通用大西洋考虑印尼零售股份的选择","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SBUX":0.9},"content_text":"Deal could value firm’s MAP Boga shares at about $300 million\nGeneral Atlantic owns about 20% of local Starbucks operator\n\nGeneral Atlantic is weighing options for its nearly 20% stake in Indonesia’s PT MAP Boga Adiperkasa, one of the largest operators of Starbucks Corp. franchises in the country, people with knowledge of the matter said.\nThe New York-based investment firm is in preliminary discussions with investment banks on alternatives including a private sale or a public offering for its MAP Boga shares, the people said. General Atlantic’s stake could be worth about $300 million in a disposal, said the people, who asked not to be identified as the information is private.\nThe food and beverage subsidiary of lifestyle retailer PT Mitra Adiperkasa Tbk is thinly traded in Jakarta, as its shares available for trading represent only about 1.3% of the outstanding stock, according to data compiled by Bloomberg. General Atlantic’s 19.4% ownership has a market value of about $41 million as of Monday’s closing price.\nDeliberations are at an early stage and General Atlantic may decide to keep its stake, said the people. A representative for General Atlantic declined to comment. A representative for Mitra Adiperkasa said the company has a plan for a placement of MAP Boga shares but the timing of any deal is yet to be determined.\nMAP Boga runs more than 370 stores across 30 cities in the country, according to its website. The company operates outlets under brands including Pizza Express and Krispy Kreme in the world’s fourth most populous nation.\nGeneral Atlantic in 2016 bought 1.08 trillion rupiah ($76 million) in zero-coupon bonds issued by Mitra Adiperkasa, which were convertible into shares in MAP Boga, according to a press release.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":119510643,"gmtCreate":1622554676082,"gmtModify":1704186205733,"author":{"id":"3582074233060171","authorId":"3582074233060171","name":"Erikca","avatar":"https://static.tigerbbs.com/4c8597dae5bbe585b053f307dd3255c0","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/119510643","repostId":1185562879,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":18,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1185562879"}