{
    "success": true,
    "data": {
        "id": 1305009,
        "msgid": "hz-buys-into-indocement-1447893297",
        "date": "2000-08-14 00:00:00",
        "title": "HZ buys into Indocement",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "HZ buys into Indocement JAKARTA (JP): Heidelberger Zement Group (HZ) of Germany has agreed to take over US$250 million of debts from PT Indocement Tunggal Prakarsa and convert them into shares in the company, the publicly listed Indonesian cement giant said. The deal is part of an agreement signed on Friday between the German group and Indocement's two major shareholders, PT Mekar Perkasa and PT Kaolin Indah Utama, to set up a 50\/50 joint venture company to control Indocement.",
        "content": "<p>HZ buys into Indocement<\/p>\n<p>JAKARTA (JP): Heidelberger Zement Group (HZ) of Germany has<br>\nagreed to take over US$250 million of debts from PT Indocement<br>\nTunggal Prakarsa and convert them into shares in the company, the<br>\npublicly listed Indonesian cement giant said.<\/p>\n<p>The deal is part of an agreement signed on Friday between the<br>\nGerman group and Indocement's two major shareholders, PT Mekar<br>\nPerkasa and PT Kaolin Indah Utama, to set up a 50\/50 joint<br>\nventure company to control Indocement.<\/p>\n<p>The recapitalization will be carried out through a rights<br>\nissue open to all shareholders, Indocement said, adding that the<br>\nagreement was subject to the completion of its debt restructuring<br>\nand approval of the rights issue by the general shareholders<br>\nmeeting. (10)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/hz-buys-into-indocement-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}