Indonesian joint venture partners Sinar Mas Group and CT Corp are planning to divest their share in insurance company Mega Life to a foreign partner. Established in 2003 as an insurance joint venture (JV) between Sinar Mas and CT Corp, ...
Carrefour has sold its stake in its venture in Indonesia, the latest move to refocus its attention on a smaller number of markets worldwide. The Carrefour banner will still be present in Indonesia but the chain will be run on a franchise ...
Tags: stake, venture, local franchisee, exclusive franchisee