Bakrie, Chase sign deal

Bakrie, Chase sign deal

JAKARTA (JP): Publicly listed PT Bakrie & Brothers has
appointed Chase Manhattan as its financial advisor to guide the
company through the current crisis.

Bakrie & Brothers said in a statement yesterday that Chase had
assessed the company's financial situation and would continue to
provide thorough financial advice to the company.

"With the involvement of Chase Manhattan, Bakrie & Brothers
hopes its financial structure will improve and continue to be
sound in years to come, especially during the current uncertain
situation," the company said.

Bakrie & Brothers has three core businesses, including
telecommunications, plantation and infrastructure support and
strategic investment businesses. (rid)