Four investor interested may complete due diligence in PT Matahari Putra Prima Tbk, Indonesia's biggest retailer in the first week of January.
Bank of America Corp, Merrill Lynch unit is facilitating discussions with four companies, including South Korea's Lotte Shopping Co, Wal Mart Stores Inc., and French retailer Casiono Guichard Perrachon SA.
A purchase would give the buyer control over the biggest rival to Carrefour SA in Indonesia. Matahari's hypermarket business has annual sales of about $1 billion that will probably grow 22 percent this year. Matahari, own 51 hypermarkets in Indonesia.
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