Indonesia’s Asafoods in talks with PE, strategic firms to divest majority stake

Indonesia’s Asafoods in talks with PE, strategic firms to divest majority stake

Rye bread in a bakery. Pixabay.

Indonesian food company PT Asa Foodenesia Abadi (Asafoods) is in talks with a host of private equity firms and strategic firms to divest a majority stake in the company, a source privy to the development told DealStreetAsia.