Holdiko sells Salim's property firm<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
Holding company PT Holdiko Perkasa said on Wednesday it has
\nsold a 47.5 percent stake in property firm PT Metropolitan
\nKentjana, which was formerly owned by the Salim Group.<\/p>\n
Metropolitan's properties include the Pondok Indah shopping
\nmall and estate, and the World Trade Center building.<\/p>\n
Holdiko sold Metropolitan to local investor PT Karuna Paramita
\nPropertindo for Rp 605 billion (about US$67.22 million). The deal
\nincluded Holdiko's accounts receivables in Metropolitan valued at
\n$6.2 million<\/p>\n
Karuna, a unit of PT Berca Indonesia, was chosen from among 11
\nlocal and foreign bidders after the company submitted the highest
\nfinal bid, Holdiko said in a statement. Siti Hartati Murdaya is
\nKaruna's president director and chairman of Berca.<\/p>\n
Metropolitan is one of several remaining Salim Group assets
\nunder Holdiko, which was established to manage and sell the
\nassets.<\/p>\n
Holdiko said the proceeds of the sale would be transferred to
\nthe Indonesian Bank Restructuring Agency (IBRA), which will use
\nthe money to help cover the state budget deficit this year.<\/p>\n
Salim surrendered several assets to IBRA to repay some Rp 52.7
\ntrillion in state loans that it abused.<\/p>\n
Holdiko has raised Rp 17.13 trillion from the sale of Salim
\nassets since it was founded in 1999.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/holdiko-sells-salims-property-firm-1447899208",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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