JAKARTA, March 25 (Bloomberg): Cimory Group, best known for its yogurt drinks, is considering an initial public offering in Jakarta as soon as this year, according to people with knowledge of the matter.
The Indonesian company is working with advisers on the planned share sale, said the people, who asked not to be named as the information is private. The offering could raise about US$300 million, which could be the country’s largest IPO since Asuransi Jiwa Sinarmas Msig Tbk’s $334 million share sale in 2019, one of the people said.
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