IBRA speeds up sale of Salim corporate assets

The Indonesian Bank Restructuring Agency (IBRA) is speeding up the sale of corporate assets once owned by the Salim Group even as the two sides prepare to face off in a test of wills that could have severe ramifications for the country's economic recovery efforts.

IBRA, the country's most powerful economic entity, is hoping to dispose of its stakes in several companies that were transferred to its control by the Salim Group in 1998 under the Master Settlement and Acquisition Agreement (MSAA).

Havi

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