Indonesia's Dyviacom seeks to raise $720 mln via rights offer

Newswire

JAKARTA, April 23 (Reuters) - Indonesian Internet service firm PT Dyviacom Intrabumi aims to raise 7 trillion rupiah ($720.35 million) in a rights issue in June to buy shares in retailers, as it shifts to a consumer-focused business, it said in a statement on Tuesday. The majority of the funds raised from the offering will be used to buy a 40 percent stake in Indonesia's largest minimarket operator, PT Indomarco Prismatama, owner of the Indomaret brand, in a deal seen as a ...

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