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IPO

Indonesian conglomerate CT Corp embarks on journey toward IPO

Founder Tanjung wants group spanning banking and retail to be 'global champion'

Chairul Tanjung is aiming to modernize CT Corp, the Indonesian conglomerate he founded more than three decades ago, by taking it public. (Photo by Dimas Ardian)
SHOTARO TANI, Nikkei staff writer | Indonesia

JAKARTA -- The founder of CT Corp, one of Indonesia's largest conglomerates, aims to modernize and list the massive, 34-year-old entity -- and is banking on Japanese expertise to make it happen.

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