Matahari Says Suitors May Complete Due Diligence in January

Four companies interested in investing in PT Matahari Putra Prima, Indonesia’s biggest retailer by market value, may complete their due diligence in the first week of January, a spokesman said.

“We expected them to finish before the end of this month, but I think it may be done in the first week of January,” Danny Kojongian, Matahari’s director of corporate communications, said by phone in Jakarta today.