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Asset sale not on cards for Bakrie Group: sources

Conglomerate prefers to negotiate with creditors to restructure part of its US$8 billion in debt instead, they say
Saturday, November 1, 2014 - 05:50
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ON THE BACK FOOT: The Bakrie Group has long carried a heavy debt load and creditors have been tolerant .

Jakarta

INDONESIA'S mining-to-telecoms conglomerate Bakrie Group will negotiate with creditors to restructure part of its US$8 billion in debt rather than sell major assets, people familiar with its strategy have said.

They say that the group, which has gone through two financial