General Atlantic Is Said to Mull Options for MAP Boga Stake

General Atlantic is weighing options for its nearly 20% stake in Indonesia’s PT MAP Boga Adiperkasa, one of the largest operators of Starbucks Corp. franchises in the country, people with knowledge of the matter said.

The New York-based firm is in preliminary discussions with investment banks on alternatives including a private sale or a public offering for its MAP Boga shares, the people said. General Atlantic’s stake could be worth about $300 million in a disposal, said the people, who asked not to be identified as the information is private.

The food and beverage subsidiary of lifestyle retailer PT Mitra