MAPI to sell ownership in Domino’s Pizza and Burger King
Bareksa • 22 May 2014
Retail giant PT Mitra Adiperkasa (MAPI) - (The Jakarta Post)
MAPI will use both internal cash and bank loans to fund the capital expenditure
The Jakarta Post - Retail giant PT Mitra Adiperkasa (MAPI) will be selling a majority stake in its Domino’s Pizza Indonesian franchise to Singapore-based investment manager Everstone Capital Asia Pte. Ltd. as part of the company’s business consolidation, one of the company’s executives has said.
MAPI director Susiana Latif said in Jakarta on Wednesday that in addition, the company was also mulling the possibility of selling its stake in Burger King in order to reduce its operating costs, which have dragged down the retailer’s bottom line.