Japanese investors eye IBRA assets

JAKARTA: The Indonesian Bank Restructuring Agency (IBRA) said a number of Japanese investors had shown interest to take part in the agency's next assets sale program.

The agency said in a statement that some 20 Japanese investors had given strong response to the asset sale plan during a roadshow in Tokyo on June 23-34.

Among the most popular assets in the eyes of the investors included: GT Tire, Nikko Hotel, Asia Pulp & Paper (APP), Tirtamas Majutama, Dipasena Citra Darmadja and PT Dirgantara Indonesia.

The statement also said that as of June, it had contributed to the state coffers some Rp 7.1 trillion in cash and Rp 3.2 trillion worth of bonds. The state budget targets IBRA to rake in Rp 18 trillion in cash proceeds and Rp 8 trillion bonds for this year. -- JP