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Announced

Bukalapak and CT-backed PT Trans Retail to form a joint venture.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Food Retailers and Wholesalers

Single Bidder

Majority

Domestic

Pending

e-grocery market

Friendly

Private

Indonesia

Acquisition

Joint Venture

Synopsis

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Bukalapak, an Indonesian e-commerce company, and CT-backed PT Trans Retail, a firm that owns and operates retails shops, are set to form a joint venture to run an e-grocery business. PT Trans Retail will own 55% of the new entity, while Bukalapak will own the rest. Financial terms were not disclosed. “We’re in the process of creating an e-commerce joint venture for fresh products and groceries,” Chairul Tanjung, CT Chairman.

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