Jakarta sale attracts infrastructure investors
- From: Vol 7, Issue 8 (August 2006)
- Category: General
- Region: Asia
- Country: Indonesia
- Related Companies: Citigroup, PT Astratel Nusantara and Suez
Suez’s Indonesian concession was blighted by the Asian crisis but those troubles now seem in the past. To some.
Suez has cut its interest in its troubled Jakarta concession company, Palyja, to 51% after reaching an agreement with local telecoms group PT Astratel Nusantara and Citigroup’s Hong Kong office. The deal follows last year’s refinancing of the company’s dollar denominated debt with a local currency bond issue, and is in line with Suez’s policy of ...
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