Reuters: Private Equity: Saratoga, others sell 6.9 pct stake in Tower Bersama

Reuters: Private Equity Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Saratoga, others sell 6.9 pct stake in Tower Bersama Mar 21st 2012, 11:50 JAKARTA, March 21 | Wed Mar 21, 2012 7:50am EDT JAKARTA, March 21 (Reuters) - Indonesia-focused private equity firm Saratoga Capital and two other investors have launched a sale of their 315 million shares in telecom tower firm PT Tower Bersama Infrastructure to raise up to 913.5 billion rupiah ($100 million), sources said on Wednesday. Saratoga through its affiliate PT Saratoga Infrastruktur along with Natural Resources Investment Limited and an unnamed individual investor launched the share placing with a guidance range of 2,825-2,900 rupiah per share, a discount of 2.5-5 percent to Wednesday's close, sources familiar with the sale said. Saratoga Infrastruktur is the biggest shareholder in Tower Bersama with a 25.83 percent stake, before the sale, according to Thomson Reuters data. Broker CLSA is a sole global co-ordinator and joint bookrunner with UBS while PT Indo Premier Securities become the placement agent, IFR reported earlier. ($1 = 9,155 rupiah) (Reporting by Fathiya Dahrul in Jakarta and Daniel Stanton from IFR in Singapore. Editing by Jane Merriman)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions