Chandra Asri (one page)
No Special Treatment
Monday, December 4, 2000
After weeks of talks a debt restructuring deal was finally put together for highly indebted conglomerate Chandra Asri. And all without a government bailout.
arsip tempo : 178037744962.
It took some three weeks, but the marathon round of meetings finally paid off. The confusion over how to restructure Chandra Asri’s massive debts was resolved, or so it appears. Both its former owner, Indonesian businessman Prajogo Pangestu, and its main creditor, Japan’s Marubeni, agreed to compromise. Syafruddin Temenggung, secretary of the Committee for Financial Sector Policies which was closely involved in the talks, was upbeat a...
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