Conglomerate prefers to negotiate with creditors to restructure part of its US$8 billion in debt instead, they say
Sat, Nov 01, 2014 - 5:50 AM
ON THE BACK FOOT: The Bakrie Group has long carried a heavy debt load and creditors have been tolerant .
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...