Weekly Business

DIVESTMENT
Two Investors Interested in buying Citilink

State carrier Garuda Indonesia is seeking investors for its airline Citilink. Garuda plans to divest up to 40 percent of its stake in Citilink. Two investors have entered negotiations with Garuda. "Our financial advisors are still studying the offer," Garuda CEO Emirsyah Satar said last week. "If no agreement is reached, well, I hope it won't have to be forced through." Emirsyah declined to disc

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