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Lippo Karawaci Mulls Buying CVC’s Siloam Hospitals Stake

  • Indonesian developer in talks for CVC’s 26% stake in Siloam
  • Lippo Karawaci already owns about 58% in hospital operator

Indonesian property developer PT Lippo Karawaci is considering buying CVC Capital Partners’s stake in PT Siloam International Hospitals, according to people familiar with the matter.

Lippo Karawaci, which owns about 58% in the Jakarta-listed company, is in talks with the private equity firm for its 26% stake, the people said, asking not to be identified as the information isn’t public. The Indonesian developer could raise capital for the potential transaction but hasn’t made any final decision, one of the people said.