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JP Morgan

A Partnership Punctured

Tuesday, August 23, 2005

A nephew of business tycoon Prajogo Pangestu is behind would-be investors in PT Kiani Kertas. JP Morgan is to change partners.

. tempo : 178041358850.

THE consortium that has been set up by JP Morgan and Kingsclere Finance Limited, two would-be investors in PT Kiani Kertas, is threatened with being broken up in its final step in getting Kiani. Both investors are now taking separate paths and the potential partnership has been punctured before it officially came into being.

Since the beginning of this year, Kiani has already been on the list of companies that are to be sold off. Its owner, the Nu

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