CVC in talks to sell stake in top Indonesian snacks maker GarudaFood

CVC in talks to sell stake in top Indonesian snacks maker GarudaFood

A rack of snack foods made by PT Garuda Foods Putra Putri is displayed for sale at a supermarket in Jakarta, Indonesia. Photographer: DIMAS ARDIAN/Bloomberg

Private equity firm CVC Capital Partners is in talks to sell its 20% stake worth about $270 million in Indonesia’s top snack-food producer GarudaFood Putra Putri Jaya, sources familiar with the matter told Reuters.