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
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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 crises since the 1990s, will opt for the tested approach of restructuring debt, even though that risks frustrating increasingly impatient creditors.
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