Indonesia’s top drugmaker Kalbe Farma weighs food unit IPO

Indonesia’s top drugmaker Kalbe Farma weighs food unit IPO

The Stock Exchange of Indonesia | Photo: Bloomberg

PT Kalbe Farma, Indonesia’s biggest drugmaker by market value, is considering an initial public offering for its nutritional food unit PT Sanghiang Perkasa, which could raise about $500 million, according to people with knowledge of the matter.