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Jakarta Post

Garuda to sell 40% of Citilink shares

National flag carrier Garuda Indonesia president director Emirsyah Satar says that the airline aims to sell 40 percent of its shares in its low cost carrier subsidiary Citilink in the near future

The Jakarta Post
Jakarta
Wed, May 7, 2014 Published on May. 7, 2014 Published on 2014-05-07T10:40:35+07:00

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N

ational flag carrier Garuda Indonesia president director Emirsyah Satar says that the airline aims to sell 40 percent of its shares in its low cost carrier subsidiary Citilink in the near future.

Emirsyah said that there were two credible investors that had shown interest to purchasing Citilink's shares.

He refused to provide further details regarding the potential investors.

'€œOur advisers are still discussing the price of the shares,'€ he said at State Owned Enterprises Ministry office in Central Jakarta on Wednesday morning as quoted by kontan.co.id. (nfo)

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