KRAS to Let KTI go

By Editorial Team 23/08/2019
Summary

PT Krakatau Steel Tbk (KRAS) is holding several talks to interested parties since it plans to sell some of its sub-holding companies. It is part of the efforts to fix this national steel producer’s financial problems. KRAS is expecting US$ 1 billion of fresh funds from them for debt restructuring.

The company is set to sell Krakatau Bandar Samudera (KBS), Krakatau Daya Listrik (KDL), and PT Krakatau Tirta Industri (KTI). KBS is currently gaining interest from PT Pelabuhan Indonesia II (Pelindo II), while PLN is exploring the opportunity to snatch KDL from KRAS in the fourth quarter of 2019. On the other hand, KTI sees PT PP Tbk (PTPP) as a promising buyer.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.