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Schroders looking to sell Indonesian unit with $4b in assets

Schroders looking to sell Indonesian unit with $4b in assets

FILE PHOTO: The logo of investment management company Schroders is seen at a branch in Zurich, Swtzerland November 5, 2018. REUTERS/Arnd Wiegmann

Schroders is looking to sell its Indonesian business, according to two sources with knowledge of the matter, as the U.K.-headquartered global asset manager weighs exiting some sub-scale markets under its new chief executive.

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