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Indonesian e-commerce player Blibli to buy 51% of grocer SBL

Demand for online service rises amid coronavirus outbreak in Indonesia

Blibli said it will buy around 797.88 million shares, representing at least 51% of the total issued and paid-up capital of SBL, from existing shareholders. (Screenshot from Blibli website)
CINDY SILVIANA, DealStreetAsia | Indonesia

JAKARTA -- Indonesian e-commerce platform Blibli.com, a subsidiary of local conglomerate Djarum Group, has signed an agreement to acquire a majority stake in grocery store chain Supra Boga Lestari (SBL).

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