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GIC to invest 5.2t rupiah in Indonesia's Trans Retail

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Published Wed, Feb 24, 2016 · 09:50 PM

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GIC will invest 5.2 trillion Indonesian rupiah (S$544 million) in PT Trans Retail, Indonesia's retailer operating hypermarkets, supermarkets as well as cash and carry stores under the Carrefour and TRANSmart brands.

The investment will allow Trans Retail, the main retail arm of Indonesian conglomerate CT Corp, to capture the full potential of Indonesia's modern retail market, the two parties said in a joint release on Wednesday.

GIC

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