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Texmaco Sale:

Rock-Bottom Rescue

Tuesday, March 16, 2004

Farallon is offering one cent on the dollar for Texmacos loan assets. But if it so desires, the government still has the opportunity of trying to jack up the price.

arsip tempo : 173541178141.

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AFTER waiting so long for a suitor, Texmaco eventually put forward a proposal of its own. Several days before the closing down of the Indonesian Bank Restructuring Agency at the end of last month, PT Kinerja Prima Perkasa submitted an offer for some of Texmaco's loan assets. These were the exchangeable bonds that were issued by Texmaco's two holding companies, PT Bina Prima Perdana and PT Jaya Perkasa Engineering. Bina Prima manages the Tex

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