Aug 5 (Reuters) - Private equity firm CVC Capital Partners  
   CVC.UL
    plans to raise up to $300 million by selling a part of its stake in Indonesian retailer Matahari Department Store  
   LPPF.JK
   , the Wall Street Journal reported, citing people familiar with the matter.     CVC plans to cut its stake in Matahari to about 17 percent from 25 percent, the Journal reported. (
   http://on.wsj.com/1v6sb2j
  )     The private equity firm expects to sell the retailer's shares at 13,900-14,325 Indonesian rupiah ($1.19-$1.22) each, the newspaper reported.      CVC sold a 6.5 percent stake in Matahari in March.  
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        The private equity firm recently hired Credit Suisse, Deutsche Bank and Goldman Sachs to handle a share sale in Indonesian internet service provider Link Net Tbk PT  
   LINK.JK
   , Reuters reported last month.  
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         CVC and Matahari were not immediately available for comment.  ($1 = 11,695 Indonesian rupiahs)   (Reporting by Arnab Sen in Bangalore; Editing by Kirti Pandey)  ((arnab.sen@thomsonreuters.com)(within U.S. +1 646 223 8780, outside U.S. +91 80 6749)(3081)(Reuters Messaging: arnab.sen.thomsonreuters.com@reuters.net))  Keywords: MATAHARI DEPT S CVC/STAKESALE