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Jakarta Post
The Jakarta Post
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Bakrie sells shares of three subsidiaries to settle debts

  • The Jakarta Post

| Wed, April 11 2012 | 01:37 pm

PREMIUM Investment company PT Bakrie & Brothers (BNBR) has sold shares in three of its subsidiaries in an attempt to pay down massive debts, raising around Rp 124.7 billion (US$13.6 million).

According to a filing to the Indonesia Stock Exchange (IDX), BNBR sold some of its shares in PT Bakrie Sumatera Plantations (UNSP), PT Bakrieland Development (ELTY) and PT Energi Mega Persada (ENRG).