ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

CVC Capital buys $155m stake in Indonesia's Samator Indo Gas

Investment will support Indonesian gas producer's push to expand

Private equity firm CVC has around $146 billion in assets under management.   © AP

JAKARTA -- Indonesia-listed industrial gas producer Samator Indo Gas announced on Thursday that Matrix, an investment holding company managed by CVC Capital Partners, has acquired a significant minority stake in it worth $155 million.

The Harsono family will continue to be top stakeholders in Samator Indo Gas, according to the statement. The Harsono family currently holds a 28.44% stake in Samator Indo Gas, according to Indonesia Stock Exchange data, while investment firm Saratoga Sedaya Investama and Aneka Mega Energi each own a 10% stake.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more