BII, Lend Lease tie up

Tue, 27 Sep 1994, 00:00 WIB | Source: JP

JAKARTA (JP): Lend Lease Corporation of Australia formally
began its Indonesian operations yesterday through its joint
venture with Bank Internasional Indonesia (BII).

The joint venture, named BII Lend Lease Investment Services,
operates in management services, investment management and
providing technical assistance and supervision in the management
and administration of pension funds.

Lend Lease is listed on the Australian and New Zealand stock
exchanges with market capitalization of over Rp 5.5 trillion
(US$2.6 billion), making the company one of the 20 largest listed
companies in Australia. (hen)

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