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)