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Article: BUSINESS IN ASIA TODAY - JAN 21, 2008.
- Article from:
- AsiaPulse News
- Article date:
- January 21, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business in Asia on Jan 21, 2008. A summary prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, market intelligence and business opportunities:
INDONESIA'S BAKRIE & BROS TO ACQUIRE STAKES IN 3 MAJOR UNITS
JAKARTA - Diversified corporation PT Bakrie & Brothers (BB) (JSX:BNBR) said it will raise Rp51.3 trillion (US$5.6 billion) to acquire stakes in three major subsidiaries this year. BB will buy a 35 per cent stake in coal mining subsidiary PT Bumi Resources, 40 per cent stake in oil and gas subsidiary PT Energy Mega Persada and 40 per cent stake in property subsidiary PT Bakrieland Development, all worth ...