Browse related articlesLimitless to buy stakes in Indonesian developer
United Arab Emirates: Tuesday, March 11 - 2008 at 09:27
Limitless, Dubai World's property arm, plans to buy 30% stakes in three units of PT Bakrieland Development, Indonesia's biggest property developer by value, reported Bloomberg. Limitless will pay $110m for the stakes in PT Bakrie Swasakti Utama, PT Bumi Daya Makmur, and PT Superwish Perkasa, Bakrieland, the company said in a statement published in Bisnis Indonesia newspaper. The Dubai firm will pay cash and convert some debt into shares.
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Jeff Florian, Senior ReporterTuesday, March 11 - 2008 at 09:27 UAE local time (GMT+4)
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