Holdiko sells Karimun stake<\/p>\n
JAKARTA (JP): PT Holdiko Perkasa, a holding company
\nestablished as part of the debt settlement agreement between the
\nIndonesian Bank Restructuring Agency (IBRA) and the Salim Group,
\nwill sell its 17.25 percent stake in PT Karimun Granite<\/p>\n
IBRA said here on Thursday PT Siddharta Consulting-KPMG had
\nbeen appointed as the financial adviser for the sale of the
\nstake.<\/p>\n
The sale of the stake in PT Karimun, which operates a granite
\nquarry on Karimun island, Riau, is expected to be concluded in
\nSeptember this year, the agency said.<\/p>\n
Holdiko was established last year in relation to the debt
\nsettlement agreement between the Salim Group and IBRA, with
\nregards to loans extended by Bank Central Asia to companies
\naffiliated with the business group.<\/p>\n
As part of the agreement, the Salim Group transferred shares
\nand assets in more than 100 companies to Holdiko, which will
\nsubsequently transfer the proceeds from the sale of the assets to
\nIBRA.<\/p>\n
Last week, the agency opened an international tender for the
\npurchase of the Wisma BCA office building, one of the assets
\nunder the management of Holdiko. (hen)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/holdiko-sells-karimun-stake-1447893297",
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