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Business 6 years ago
Krakatau Steel restructures record $2 billion debt to stave off bankruptcy
State-owned steelmaker Krakatau Steel has received approval from its creditors to restructure its loans totaling US$2.2 billion (about Rp 30 trillion) by, among other changes, rescheduling repayment to 2027 in order to be able to revive its business.
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